Shall I hold or sell Nicholas Piramal acquired at Rs 250?
Alok Varshney, Jasbir Singh Nicholas Piramal (Rs 257): The near-term outlook is positive and a move to Rs 295-300 appears likely. Hold with a stop-loss at Rs 235. Fresh exposures may also be considered on price weakness with a stop-loss at Rs 235, a close below which would warrant closure of long positions. What is outlook for Tata Metaliks bought at Rs 173 and Orchid Chemicals at Rs 356? Usha Giri Tata Metaliks (Rs 148.5): The stock is likely to move to the Rs 200 mark. onsidering the upside potential, it would be worth the risk to hold with a stop-loss at Rs 128. Fresh exposures may be considered on price weakness, with a stop-loss at Rs 128. Exposures may be enhanced, with a suitable stop-loss, when the stock closes above Rs 169. At least partial profit booking may be considered on a move to the target zone. Orchid Chemicals (Rs 360.6): The outlook is positive and the share price could move to Rs 395-400. This view would be in force as long as the stock holds above the negative trig
