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B. Krishnakumar

Aftek Infosys (Rs 90.9): The stock appears to be headed towards higher levels. After having completed the corrective phase, the stock appears to have commenced the next leg of the upward move. The recent upward move could take the stock to the Rs 110-115 range.

A close above Rs 95 would confirm the positive outlook and would push the stock to the target zone. Shareholders may remain invested with a stop-loss at Rs 75. Fresh exposures may be considered on a close above Rs 95, with a stop-loss at Rs 83. The positive outlook would be negated on a close below Rs 75. Long positions may be diluted on a close below this level.

Munjal Showa (Rs 320.2): After a sharp rally, the stock appears to be in a short-term corrective phase. The long-term upward trend would resume on the completion of the phase.. The long-term upward trend could push the stock to the Rs 365-370 range. The positive outlook would be under threat if the stock closes below Rs 290.

Though the long-term trend is bullish, the recent downward corrective phase is not over. The stock could drop to the Rs 310-315 band. Shareholders may remain invested with a stop-loss at Rs 289. Fresh exposures may be considered on a close above Rs 335 with a stop-loss at Rs 310.

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