KEI INDUSTRIES LTD; STOCK CALL

                  CMP 17.75           BSE 17431

• The long term Price Charts clearly indicate a trough-out in the Stock which leads me to believe that the low of 12.75 on 28/12/2011 is indeed a durable low.
• The current tenor is positive and on the upside resistances are at 18.5 approx followed by 19.5. A close above 19.5 will take the Stock upto 23 levels where it does encounter a major supply band.
• On the downside, a major support at 17. If 17 holds on a closing basis, the short term uptrend is intact. Below 17, supports are at 15.5 and then at 13.3.

In my opinion, the Scrip merits a BUY at CMP and dips for a 6 to 12 month target of around 28-30.