Buy Lupin, target of Rs 980: Vishal Kshatriya

Vishal Kshatriya, senior derivative and technical analyst at Edelweiss told CNBC-TV18, "Lupin will be a medium term trade may be for 15-20 days. The stock has performed quite well and we have seen the stock has been consolidating in a narrow range since last one and half months. Last week the stock has broken out of that range and we have seen a good amount of volumes also happening.”

“We have also seen long built-up happening and those longs have been carried for the January series. So this stock will trade positive for a medium term and I am expecting it to test Rs 980 level. So I have a buy call at current market price with a target of Rs 980. Stop loss can be placed below Rs 880 level,” he added.