DERIVATIVE PICK

• HOLDING PERIOD – THREE to SEVEN DAYS

IVRCLINFRA ( CASH – Rs.387.35) : The stock has closed on a strong note and should be bought once it crosses the level of Rs.392. The target of the stock works out to Rs.404 and Rs.419. Higher target of Rs.428 and Rs.438-442 can also be expected. Stop Loss of Rs.377 should be kept. PANTALOON (CASH – Rs.339.15) : The chart structure of this stock looks extremely attractive and should be bought once the price crosses the level of Rs.347. The target of the stock works out to Rs.362 and Rs.374. Higher target of Rs.378-384 is also expected. Stop Loss of Rs.323 should be kept.