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B. Krishnakumar

FDC (Rs 50.8): The stock has already moved past the price target of the Rs 52-55 range mentioned in the edition dated May 15. The outlook remains bullish and the share price could move to the next target zone of the Rs 68-70 range shortly. The positive outlook would be negated if the share price closes below the negative trigger level of Rs 46.

Shareholders may remain invested with Rs 46. Fresh exposures may also be considered on a close above Rs 52, with a stop-loss at Rs 47. A close below Rs 46 would warrant dilution of holdings while a drop below Rs 40 would push the stock into a bearish orbit.

Orient Paper (Rs 152.5): The stock is in a long - term upward trend. It could move to the immediate target zone of the Rs 175-180 range. Investors holding the stock may have a stop-loss at Rs 110. Fresh exposures may be deferred as there are no signs of completion of the recent corrective phase.

The stock could drop to lower levels before resuming the long-term upward move. Investors may buy the stock on the evidence of support at the Rs 130-135 range, with a stop-loss at Rs 110.

Alternatively, exposures may also be considered on a close above Rs 160, with a stop-loss at Rs 135. A close below the stop-loss level would warrant dilution of exposures, as this would negate the bullish outlook.

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