The Hindu Business Line : Focus of the week

Kotak Mahindra (Rs 327.2): The short-term outlook appears positive. The stock could move to the Rs 345-350 range. A close above Rs 350 would help the stock move towards the Rs 400 mark. Remain invested with a stop-loss at Rs 300. Aggressive investors may also take long positions with a stop-loss at Rs 305.

Gujarat Ambuja Cement (Rs 260.6): The stock could seek lower levels in the short-term. A drop to the Rs 225-230 range appears likely. At the moment, only a close above Rs 284 would negate the weak outlook. Remain invested with a stop-loss at Rs 250; intra-day price upmoves may be used to reduce holdings. Fresh buying may be considered on evidence of support at the Rs 225-230 zone.

Follow-up

Moser Baer (Rs 198.9): As anticipated, the stock ruled weak and moved closer to the bearish trigger level of Rs 195. The share price appears on course to move to the earlier mentioned target zone of Rs 150-160. Existing holders may remain invested with a stop-loss at Rs 195 and use upswings to reduce exposures.

HPCL (Rs 327.6): Last week's view of a drop to the Rs 280-290 range remains unchanged. The stock has already breached the negative trigger level of Rs 335 and appears to be heading towards the target zone. Look for opportunities to reduce exposure. Fresh buying may be avoided.

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