Mohindar told CNBC-TV18, "Nagarjuna could show a short term move from Rs 46 to Rs 48 but that's about it on the short term, again I don't see more as investors point to enter but a move can definitely occur and it has been on the cards. So keep a stoploss at Rs 38, and a target of Rs 46-48 and a one month timeframe and you could just be in a good trade."