Short Term Gap Opportunities
CMP: Rs. 67.45
Current Trading Range: 66-67.5
Target: Rs. 74
Target Trading Range: 73-76
Time: 1 month
Reason for gap: Bad monsoons, sentiment
Reason for correction: Improved sentiment, reduced bad news, strong support at Rs. 63
2. Bank of Maharashtra (MAHABANK)
CMP: Rs. 40.25
Current Trading Range: Rs. 39-41
Target: Rs. 45
Time: 1 month
Target Trading Range: 43-47
Reason for correction: Strong support at the 40 rs level seen in coming days- the stock has not moved since a long time, and an upward move in sync with the sentiments is expected. The company has also decided to raise Rs. 300 cr via bonds.
3. Biocon (BIOCON)
CMP: Rs. 227.5
Current Trading Range: Rs. 220-230
Target: Rs. 248
Time: 1-1.5 months
Target Trading Range: Rs. 240-255
Reason for correction: Strong speculation saw good upmoves lately, which are seen to return.
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