DERIVATIVE STOCK IDEA

• HOLDING PERIOD – THREE to SEVEN DAYS

• RELIANCE INFRA ( CASH – Rs.1283.35) : The stock has given a strong breakout and should be bought above Rs.1290 or on declines to Rs.1272. The target of the stock works out to Rs.1315 and Rs.1335. Higher target of Rs.1358-1365 is also possible. A monetary stop loss of 40 points should be kept from the entry price.

• M&M ( CASH – Rs.912.35) : The stock has closed on a strong note and should be bough once it crosses the level of Rs.921. The target of the stock works out to Rs.933 and Rs.944. Higher target of Rs.962 and Rs.975. Stop Loss of Rs.902 should be kept.

• BHEL ( CASH – Rs.2417.90) : The stock should be bought once it crosses the level of Rs.2430. Target works out to Rs.2462 and Rs.2489. Higher target of Rs.2510 is also possible. Stop Loss of Rs.2394 should be kept.