SHORT TERM TRADES; SKS MICRO, KEI INDUSTRIES, SAURASTRA CEMENT

SKS MICRO:

1. BUY at cmp 117 or thereabouts.
2. keep a stop loss at 104 closing basis.
3. First target 121, which is a strong resistance as well; if crossed, next target 136.
4. Medium term target 157, in say 3-6 months.
5. My 12-15 month target is 184.
6. Reason for bullishness: the worst is over for the scrip; if one wants exposure to this space, the time to get in is now.

KEI INDUSTRIES:

1. BUY at cmp 18.8
2. Keep a generous stop loss at 16 closing basis.
3. First target 20; strong resistance at 22, if crossed then next target 23.5 followed by 26 and then 28.5.
4. Time to target; first target 20 should be easy, but 23.5 could take a month or more. 28.5 is my 8-12 month target.
5. Reasons for bullishness: the scrip has delivered reasonably good results consistently despite the obvious headwinds. Big assumption is that we must get the first whiff of the Investment Cycle picking up in the next month or two ergo a repo rate cut in Dec-Jan and a generous easing road map for atarters. Then these scrips as also other rate sensitives will just zoom.

SAURASTRA CEMENT:

1. BUY at cmp 31
2. Keep a stop loss at 27 closing basis
3. Play for a target of 37.
4. If results are good tomorrow, will see the target in the next 7 sessions.
5. This is a punt, pure and simple.