HDFC range-bound; Lupin continues the momentum

Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.

We had a buy call on Lupin which was triggered above Rs 442. The stock touched a high of Rs 449.40, but closed near the low of the day at Rs 440.50. We have a target of Rs 460 for the stock and would like to keep the stop loss at Rs 437.50.

 HDFC range-bound; Lupin continues the momentum

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IFCI was also a buy call, which was triggered in the early hours of the day. However, the stock moved lower after hitting our stop loss.

We are short on Jain Irrigation below Rs 152 since Friday. The stock fell down further and touched a low of Rs 150.60 and closed at Rs 151. We maintain our target of Rs 145 for the stock.

Biocon was a buy call which was not triggered.

Bajaj Hindusthan too was a buy call which was not triggered.

We have been long onHDFC Bank since Tuesday, however the stock moved in a very narrow range and neither crossed Tuesday's high or low. With an interest rate hike expected on Thursday, we would like to move the stop loss higher to Rs 2,367, the low of Wednesday.

Paper Products was another stock which we are long on above Rs 77.80, since Tuesday . The stock touched a high of Rs 83.55, barely missing our target of Rs 84 and closed the day at Rs 77.50. We had a stop loss of Rs 80, which was triggered.

We were also stopped out of Divi'sLaboratories below Rs 788.

Idea Cellular moved up further and touched a high of Rs 74.80 but closed at Rs 74. We would like to lower our target to Rs 75 given the time taken by the stock to move up.

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Updated Date: Dec 20, 2014 13:42:38 IST