The Hindu Business Line : Focus of the week

LIC Housing Finance (Rs 193.7): Long-term investors may buy this stock as it could move towards the Rs 225-230 level in the near term. The positive view would be negated if the share price drops below Rs 170.

Existing holders may remain invested with a stop loss at Rs 170. A move above Rs 200 could be used to take long positions with a stop loss at Rs 175.

Tata Tea (Rs 306): The stock could touch the Rs 350-360 range in the near term.

Remain invested with a stop loss at Rs 270. A close above Rs 320 could be used to take long positions with a stop loss at Rs 270.

Follow-up

Orchid Chemicals (Rs 193.7): The stock appears to be on course to reach the target zone of Rs 240-250. Only a drop below Rs 164 would blunt the positive outlook.

Existing holders could remain invested with a stop loss at Rs 164. A close above Rs 205 could be used to take fresh exposures with a stop loss at Rs 180.

Nagarjuna Fertiliser (Rs 9.1): The stock is on its way towards the near-term target zone of Rs 10-11. After touching a high of Rs 9.5, it closed lower at Rs 9.1 on Friday.

Existing holders could remain invested with a stop loss at Rs 8.1. Long position in limited quantity may be considered on a close above Rs 10. Stop loss for all long positions may be placed at Rs 8.1.

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