Invest in FSL for short term gains
Mid and smallcap IT stocks are in good form in the market. FSL is among one of those stocks that used to have good patronage in the past. The stock is seen rising once again past resistance levels and accompanied by good new momentum. One can invest for the near term with an expectation of a target price of Rs 80 and stop loss at 55.
Buy Tata Chem on dips
Stock has shown a nice push out of an important resistance cluster formed by former price high pivots. This upawrd thrust comes accompanied by new momentum and is therefore likely to sustain. Profit taking will keep denting the rise on an intra day basis but the overall trend should be upwards and therefore intra week dips will provide buying opportunities.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)