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B. Krishnakumar

Cipla (Rs 287): After a protracted phase of correction, the stock has staged a recovery in the recent weeks. The recovery phase does not appear complete and the stock could move to higher levels in the near term. The share price could rally to the immediate target zone at the Rs 300-305 range.

A close above Rs 306 would impart further strength and the stock could seek the next target zone at the Rs 335-340 range. Investors may hold with a stop-loss at Rs 270. Fresh exposures may be considered on price weakness, with a stop-loss at Rs 270. A close below Rs 269 would blunt the positive outlook and would warrant dilution of holdings.

Arvind Mills (Rs 138): The share was confined to a sideways consolidation for quite a while. It managed to stage a breakout of this range last week. The long-term outlook for the stock is bullish. Investors willing to wait for at least six months may find opportunities to exit at the Rs 190-200 range.

In the short-term, the stock could rule weak and could drop to the Rs 130-132 range. Fresh exposures may be considered on price weakness, with a stop-loss at Rs 105.

A close below Rs 105 would negate the positive outlook and would warrant liquidation of long positions. Exposures may also be enhanced on a close above Rs 145, with a close stop-loss in place.

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