Grasim Buy Ltp : - 2678

Grasim, after improving from a low of Rs.2609 to ahigh of Rs.3112, has reacted to a further lower level ofRs.2456. At the current price of Rs.2678 it is tradingin 4FZONE i.e. all the averages are in BEAR PHASEand the current price is placed between short term andmedium term averages. High risk traders can buy inthe range of Rs.2600-2650 with a stop loss belowRs.2550 in close for a conservative upper target ofRs.2840 and an optimistic upper target of Rs.2890.Holding period can be 6-7 days.