- AXIS BANK :- BUY ABOVE 851 TARGET 864 THEN 872 SL 834
- SRF :- BUY ABOVE 150 TARGET 157 THEN 167 SL 139
- STERLITE :- SELL BELOW 623 TARGET 614 THEN 605 SL 641
- REL INFRA :- SELL BELOW 1131 TARGET 1108 THEN 1098 SL 1149
DERIVATIVE PICK
HOLDING PERIOD – TWO to TEN DAYS
KOTAK BANK ( CASH – Rs.723.50) :
The stock is looking extremely strong on the daily chart and has withstood the selling pressure on a day when the rest of the market cracked. Buying is advised above Rs.738 for a target of Rs.757 and Rs.765. Higher target of Rs.782 and Rs.810 is also possible. Stop Loss of Rs.699should be kept.
ICICI BANK ( CASH – Rs.717.20) :
The stock is looking extremely weak and is headed for lower levels. Selling is advised below Rs.713 of a target of Rs.702 and Rs.689. One can even expect a target of Rs.675 in the next one week. Stop Loss of Rs.741 should be kept.
