Subex likely to fall, Lupin set to make new high

Subex (Sell below Rs 48.40, target of Rs 45)

Subex moved up on Tuesday on account of a news article which said that the company is looking at a stake sale. However, post market closing, the company said that it has no such plans. Subex, which has been on a move since Monday, is likely to come down to its consolidation zone of Rs 45.

Lupin (Buy above Rs 485, target of Rs 500)

A post market announcement by Lupin says that the company has received an US FDA to sell a generic version of oral contraceptive product. The company is trading close to its all time high, this new approval can help breach that level.

Financial Technologies (Sell below Rs 878, target of Rs 850)

Post announcement of the company getting clearance to raise money for its commodity exchange, Financial Technologies has moved from Rs 780 to Rs 890 on higher than average volume. The move seems to have been exhausted as the stock has not been able to rise above Monday’s high. Weakness in the market can bring the stock down sharply.

Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds."

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