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B. Krishnakumar

Kotak Mahindra Bank (Rs 215): The outlook is positive and the stock could move to the target zone of Rs 245-250 range. Existing holders may remain invested with a stop-loss at Rs 190. Fresh buying may be considered on price dips with a stop-loss at Rs 190. A drop below the Rs 190 would negate the positive outlook.

IndusInd Bank (Rs 45.2): The stock could move to the Rs 53-55 range shortly. Hold with a stop-loss at Rs 40. Fresh buying may also be considered on price weakness with a stop-loss at Rs 40. A drop below Rs 40 would negate the positive outlook.

Follow-up

Gujarat Mineral Development (Rs 298.8): Contrary to the anticipated positive outlook, the stock ruled weak. There is a downside risk that could take the price to the Rs 275-280 range. After the completion of the corrective phase, the stock is expected to resume the upward trend towards the target zone of Rs 325-330. Risk-averse investors may sell a portion of the holdings now and contemplate re-entry on evidence of support at the Rs 275-280 range. Those willing to take risk and the ones who have entered at lower levels may hold with a stop-loss at Rs 275.

Visaka Industries (Rs 117.2): The earlier view of a rally to the Rs 135-140 range is unchanged. Only a drop below the stop-loss level of Rs 100 would negate the positive outlook. Hold with a stop-loss at Rs 100. Fresh buying may be considered on a move past Rs 122, with a stop-loss at Rs 108.

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