DR REDDYS ------ This is a stock which has been mentioned for quite a few times as the best defensive picks in the pharma sector along with lupin and sun pharma.
Short term one can expect 1850 and much higher in the medium term. A positional stop at 1650.
MARUTI – Does seem like a Head and Shoulders Pattern but we dont see such classical patterns workout generally. But will keep a watch on the 1250 mark to break for some quick day trade.
SBI --- We had earlier taken a very positive stance on the stock at 1800 and lower with long term view. We may now review the same on sharp dips to 1950-2050 for a trading pullback.
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We had a similar portfolio in August 2011 which stands around 23-25% gains. We had a much conservative approach in it as booked partial profits a bit too early but majority of the stocks have jumped 50% + also from recommended levels.
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