What are the prospects for Jindal Vijayanagar Steel and Ajanta Pharma?
R.K. Kamath Jindal Vijayanagar (Rs 20.4): The overall outlook for the stock appears bullish. A move towards the Rs 28-30 level is a distinct possibility. Existing holders could remain invested while fresh buying may also be considered with a stop loss at Rs 17. A drop below Rs 14 would negate positive outlook and could impart bearish trend. Ajanta Pharma (Rs 40.1): The share price of the company has the potential to seek higher levels in the near term. A close above Rs 45 would be an early indicator of the onset of a positive trend. A move towards the Rs 53-55 range appears likely. Existing holders could remain invested with a stop loss at Rs 37. Risk-averse investors can wait for the share price to move past Rs 45. Risk-seeking traders could take long positions at current levels with a stop loss at Rs 37. Can I purchase Gail and Omax Auto at current prices? C.P. Arora Gail (Rs 132.7): The share price of the company could move up further from current levels. Though there is a possibili