Short Term Gaps/Opportunities

1) Mahindra Ugine Steel Company
CMP: 41.5
Target: 45-47
Timeframe: 3-4 weeks
After a sharp upmove to the levels of 46-47, the stock witnessed an immediate correction. With sentiments improving, this stock can again show upside movement.

2) Rajesh Exports
CMP: 75
Target: 80
Timeframe: 2-3 weeks
This one is tricky. After having risen at a scorching pace, it slowed down today. Before going to the levels of 80-81, the stock may correct further. The head says it should correct further, but the bull in me says it'll stay risen.

3) MRPL (Mangalore Refineries)
CMP: 85
Target: 94
Timeframe: 1-1.5 months
This stock saw strong support at the level of 80, and severe resistance at 90. This time, we forecast an upward shift in the trading range, with 87 being pivotal being extremely bullish. If it breaks 80, and sentiments deteriorate, exit. Else, if the sentiments do not deteriorate, keep holding this one. It is well poised to breakout.

4) Spanco
CMP: 62
Target: 67
Timeframe: 1-2 weeks
The stock's been slow recently after a spurt from 45 to 75, going down again to the 60s. An upward revision is highly possible.