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B. Krishnakumar

Bharat Earth Movers (Rs 219.2): The stock has already been covered on two earlier occasions. It has managed to move to the target price that was mentioned earlier. After a brief correction, the stock now appears to be headed towards the next target zone of Rs 275-280. The positive outlook would remain in force as long as the stock trades above Rs 182. Remain invested with a stop loss at Rs 182. Conservative investors may have the stop at Rs 195.

ICICI Bank (Rs 235): The stock was covered in the edition dated October 12. The earlier view of a rally to Rs 300 remains valid. Existing holders could remain invested with a stop loss at Rs 208. A close above Rs 255 could be used to take fresh exposures with a stop loss at Rs 225.

Follow-up

Bombay Dyeing (Rs 145.4): In contrast to the bullish outlook, the share price ruled weak. This, however, has not negated the positive outlook. Last week's view of a rally to the Rs 200-210 range is still valid. Only a close below Rs 127 would negate the positive outlook and could impart prolonged weakness. Remain invested with a stop loss at Rs 127. Fresh buying with a close stop loss may be considered once the stock closes above Rs 167.

Blue Dart (Rs 136.6): Contrary to the expectations of an uptrend, the stock ruled weak. The recent weakness has not negated the overall positive outlook. Last week's view of a rally to the Rs 175-180 range remains valid. Existing shareholders could remain invested with a stop loss at Rs 117. A close above Rs 146 could be used to take fresh long positions with a close stop loss.

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