29-9-2014 - COLPAL ( Short term investment )

                COLPAL ( Short term investment ) has closed at 1674.45 in F&O segment. Cash segment close is at 1665.90. This is a premium stock and has a lot of potential to reach at newer highs and has a sustained growth. Market is quite volatile so the positions must be taken with utmost care and caution with appropriate and strict Stop Loss. Quantity must be appropriate according to the appetite of the position holder. One can initiate a

long position in this stock on intraday basis ONLY if it trades sustainably above 1650, and if tomorrow, COLPAL closes above 1650, one can hold it on investment basis for the targets of 5 %, 10 % and might be 15 %. That means one can expect the levels like 1760 and 1850. If COLPAL closes above our second target of 1850, this stock might head towards 1930 and 1950 kind of levels. A strict and closing basis Stop Loss must be maintained at 1600.