 "The stock of SBI Cards may soon surpass its 52-week high level of Rs 1,002.5 apiece")
Buy SBI Cards and Payment Services Limited (Above Rs 980)
Target: Rs 1,025
Stop loss: Rs 955
The stock is forming a 'bullish flag' pattern on daily charts, and breaking its resistance. This might push the stock to its 52-week highs of 1,002.05. The stock might also show further strength if it moves above 980. It is also sustaining above its important moving averages. We recommend buying the stock above 980 for the target of Rs 1,025, keeping a stop loss at Rs 955 on closing basis.
Buy Syngene Limited (Above Rs 623)
Target: Rs 654
Stop loss: Rs 600
