SHORT TERM TRADES; RADICO KHAITAN, IDFC

RADICO KHAITAN:

1. BUY at cmp 144
2. Keep a stop loss at 130 closing basis
3. The stock has a strong resistance at 147 trading above which for a few sessions will confirm that the short term uptrend is intact. Look for a first target of 160 and then 176.
4. Time to targets, would depend upon expected news flow in the scrip. First target could take a month or so; the second is a 3-6 month target.

IDFC:

1. BUY at cmp 167
2. The stock had a strong resistance at 164, seems to have broken out today.
3. However, keep a generous stop loss at 151 closing..
4. Short term target is 183, followed by 208 over a slightly longer time frame.
5. Time to targets, a month for the first; 3-6 months for the second. In any case, at this stage the stock is a long term buy as well; one can simply buy and forget for 2 years. It will most likely double your capital in that time frame.

TARGET 183 HIT 4/1/2013