Lakshmi Mach, after improving from a low ofRs.1675 to a high of Rs.2385 has reacted to a newlower level of Rs.1355. It has left behind anuncovered bearish gap at Rs.1855. At the currentprice of Rs.1599, it is trading in 4FZONE i.e. allthe averages are in BEAR PHASE and the currentprice is placed between short term and mediumterm averages. High risk traders can buy in therange of 1560-1590 with a stop loss below Rs.1530in close for a conservative upper target ofRs.1800 and an optimistic upper target ofRs.1920. Holding period can be 6-7 days.
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