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B. Krishnakumar

ABB (Rs 709): A drop to Rs 575-Rs 600 range is likely in the near-term.

After the expected fall, the stock holds significant upside potential. The long-term positive view would be negated if the stock drops below Rs 520.

Those holding profitable positions may sell a portion of their holdings and consider fresh exposures on declines. Investors with a long-term perspective may wait for declines before adding the stock to their portfolio.

Century Enka (Rs 145.4): The stock could move to Rs 170-Rs 175 range. A move past Rs 150 would confirm this view; a decline below Rs 136 would negate the positive outlook. Hold with a stop loss at Rs 136. Price dips may be used to take exposures with a stop at Rs 136.

Follow-up

Karur Vysya Bank (Rs 314.8): Though a bearish trend prevailed last week, it has not negated the view of a rally Rs 365-Rs 370 range. A move past Rs 340 would confirm the positive outlook; a drop below Rs 302 would impart weakness.

Existing holders may remain invested with a stop loss at Rs 302; fresh buying may be considered on a move past Rs 340 with a stop loss at Rs 319.

Unichem (Rs 202.5): The earlier view of a rally to Rs 235-Rs 240 range remains valid. Only a drop below Rs 185 would be a cause of concern; a decline below Rs 164 would negate the positive outlook. Hold with a stop loss at Rs 185. Fresh buying may be considered if the stock moves past Rs 217.

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