On Crompton Greaves

One more stock where we saw lot of strength and the stock made a new 52 week high. I think that it is very positive signal it's been avoiding the market correction generally and it has been outperforming the markets. It looks pretty good. I would bet on this stock to rise more Rs 360-365. It could be a good short-term target and the stop loss here would be just below Rs 329.

On Jet Airways

This is one more stock which has been showing extremely good strength in this market. We have seen the stock basically consolidate in the range of about Rs 910-912 on the higher side and Rs 860 on the lower side. It is a stock where I would probably wait for some kind of confirmation from the price and I would buy only above Rs 912 and look for targets in the range of Rs 960 to Rs 980. The stop loss would be above Rs 889.

On FSL (Firstsource)

This is a different call altogether. We have seen the stock probably declining from levels of Rs 28 to as low as Rs 22.50 It has been extremely oversold because the pace with which the stock declined has been great. We are looking at a bounce back after looking at intraday charts where there are some signals of reversal.

It may, probably not start an uptrend but it could be a good bet if somebody wants to play for some kind of bounce back over here. The target would be in the range of about Rs 24.25-24.50 and stop loss would be just below recent levels of Rs 22.