Big Day today --> Rbi policy, Reliance and L&T results. Volatility would be high, trade less and safe. Midcaps displayed first signs of loosing steam yesterday.

Stock View: Lakshmi Machines

The stock has been consolidating between 1700-2100 odd levels since last 5 months from Mar 2010. Yesterday, it showed some signs of a breakout from this range. Buy Lakshmi machine (LAXMIMACH) only if it sustains above 2125-2130 with stoploss of 2050 on closing basis and look for targets 2280/2400 in 2 weeks time frame. Remember, buy only if it sustains above 2125-2130.

Have a nice trading day

Regards

Ankit