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B. Krishnakumar

Jindal Iron & Steel (Rs 187.6): The near-term outlook appears positive. The stock could move to the Rs 200-205 range in the near term. Remain invested with a stop-loss at Rs 173. Fresh long positions may also be considered if the stock moves past Rs 193. Stop-loss for all fresh purchases may be placed at Rs 182. A drop below Rs 158 would negate the positive outlook.

GE Shipping (Rs 133.9): The stock could move to the Rs 155-160 range in the near term. A break above Rs 139 could be used to take long positions, as this move would confirm the positive outlook. Stop-loss for new long positions may be placed at Rs 125; a drop below this level would blunt the positive outlook.

Follow-up

Hinduja TMT (Rs 212.6): The stock moved up in line with expectations. It also moved past the target zone of Rs 205-210 that was mentioned last week. The short-term outlook remains positive and a move to the Rs 230-235 range appears likely. Remain invested with a stop-loss at Rs 195. A drop below this level would negate the positive outlook.

IPCA Labs (Rs 566.4): As observed last week, the stock ruled strong and also managed to hold above the stop-loss levels. The near-term trend appears positive and a move to the Rs 595-600 range appears likely. Remain invested with a stop-loss at Rs 530. A move past Rs 580 could be used to take long positions with a stop-loss at Rs 550.

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