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B. Krishnakumar

VSNL (Rs 396.4): The stock is in a long-term uptrend. After being confined to a corrective phase over the past few weeks, the share price appears to have commenced the next leg of the upward move. A move to the Rs 445-450 range appears likely. A close above Rs 409 within the next couple of days would be a signal to take long positions.

The stop-loss for short-term trading positions may be placed at Rs 382. Long-term investors who have entered at lower levels may settle for a stop at a relatively lower level of Rs 365. The long-term positive outlook would be negated on a close below the crucial support-cum-stop-loss level of Rs 365.

Sakthi Sugars (Rs 104.5): The long-term outlook is bullish. The short-term trend has also turned positive on the completion of the recent downward correction last week. The strong rally on Friday on the back of a surge in trading volume is a positive sign.

The stock now appears to be headed towards the immediate target zone at the Rs 125-130 range. Investors willing to wait for a longer time may contemplate profit booking at the Rs 145-150 range.

The positive view would be negated if the stock closes below Rs 90. Remain invested with a stop-loss at Rs 90. Fresh exposures may be considered with a stop-loss at Rs 94.

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