- IFCI ( CASH – Rs.58.70) : The stock has given some indications of bottoming out. Buying is advised above Rs.59.25 for a target of Rs.60.50 and Rs.62. Higher target of Rs.64-65 is also possible. Stop Loss of Rs.55.25 should be kept. The time frame of the trade would be around 7-8 trading sessions.
- ALLAHABAD BANK ( CASH – Rs.211.80 ) : Buying is advised above Rs.212 for a target of Rs.216 and Rs.220. Higher target of Rs.223-224 is also possible. Stop Loss of Rs.204 should be kept. The time frame of the trade would be around 5-6 trading sessions.
Thursday, January 20, 2011
DERIVATIVE Stock
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