ASHWINI GUJARAL...Money Control calls today

Buy Alembic:
Stop loss at Rs 46 per share
Target between Rs 54-57 per share ( REACHED 56.57 LEVEL )

Midcap pharmaceutical particularly smaller ones like Aarti Drugs, Alembic, did well yesterday. So there is some sort of momentum there. Alembic you could buy with a stop of about Rs 46 and the target here could be Rs 54 and then Rs 57. The idea here is that if the global markets are getting into some kind of a dip, we could have probably another 100 points towards that 4,800 kind of level but that will not happen in a very sharp kind of move. You will have jagged up and down kind of days and finally we will probably end the pullback around 4,800. So the idea has to be that if you are getting a gap down, don’t go and sell into it, try to buy and play for some sort of a pullback.

Buy Paper Products:
Stop loss at Rs 58 per share
Target of Rs 71 per share

Some of the paper stocks did quite well and this one also moved higher. One could buy with a stop of about Rs 58; target here is about Rs 71. Most of my calls are buy calls because as long as the market stays above 4,800 to about 4,825 it’s above every major moving average and it’s holding the trend line which started from 2,200. So the trend remains intact and on dips one should expect to buy.

Buy Jayshree Tea:
Stop loss at Rs 277 per share ( REACHED 320 )
Target of Rs 340n per share

Tea stocks after every consolidation are tending to move higher. Even on weak days they move on very heavy volume. So we would buy Jayshree Tea and Industries with a stop of Rs 277 and a target of Rs 340 is possible. If we get an early morning decline this is a kind of stock that you want to buy into.

Buy Tata Coffee: ( REACHED 396 )
Stop loss at Rs 360 per share
Target of Rs 445 per share

Tea and Coffee sort of moved together yesterday. Globally these commodities have been stronger; the agricultural commodities. So Tata Coffee, one can buy with a stop loss of about Rs 360. It could get to levels of about Rs 445 maybe on declines today it’s a good buy and over the medium-term you will get to levels of Rs 445.