1. Cipla
2. BEML
Rajat Bose(Technical Analyst) :
1. Infosys : It has actually moved up with good volumes and once it crosses Rs 1,520, its next target would be Rs 1610 so I am expecting it to scale up to 1610-1640 over the next week. Put a stop loss below Rs 1456 and go long on it.
2. Pantaloon Retail is consolidating for quite a while and in the last trading session, it has moved up. Looks like it is going to go further up, the target that I have set for this counter is Rs 203-207.
Anu Jain(
2. Welspun: It has fallen quite drastically and could give — if the series is positive — a 20-25% upturn from here. So with stop loss of Rs 91, one could look at Rs 116 as the first target, Rs 125-126 as the second target.
Ajit Surana(Dimensional Securitioes):
1. Buy 3300 May puts on the Nifty at a price of 96.50. The reason for suggesting this strategy is that the implied volatility is fairly low considering the political uncertainty and the results that will be announced on May 16, we believe that the market could head down if we have a fractured verdict which is the more likely scenario. Further the markets have gone up fairly sharply in the last couple of months and we should see some selling emerging before the results and after the results.
source: MC
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