LUPIN (Rs.672.10/-):
With market unlikely to stabilize going ahead we are likely to see MONEY shifting to "DEFENSIVE SECTORS" likes of FMCG and HEALTH CARE. For short term of 3-4 weeks we are keeping our focus on LUPIN Ltd which is trading in narrow range of Rs.640~670/- from past one week. MACD and RSI on weekly charts are suggestive of stock making a fresh UP MOVE in near term. Traders can take fresh exposure in this stock in range of Rs.660~670/- with Strict Stop Loss of Rs.640/- on closing bases for UPSIDE Target of Rs.735~750/-.
Previous Reco:
1) TISCO Reco at Rs.838/- (07th May,2008) touched high of Rs.925/-(21st May,2008) C.M.P.: Rs.903/- .. Traders are advised to use UP MOVE & BOOK PROFITS. GAIN on higher side: 10% or Rs.87/- TIME TOOK FOR 10% Return: 9 Trading session!!
2) STERLITE TECH (05th May, 2008) BUY ON CLOSE ABOVE Rs.245/- NOT Triggered .. Keep On Radar.
3) SENSEX Outlook : As expected. Fresh Review to be taken this week.
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