I-Flex - this software major is a strong contender for the top slot category as it is rapidly gaining market share in the European Union ( EU ) and US markets. The counter has one of the highest relative strengths in the category and has proved itself to be investor friendly by way of a liberal bonus. Liquidity is likely to improve as a result and result in lower impact costs. We strongly recommend buying this counter as the pre-result run up will see higher levels on this counter.

Your call of action - 

• Investors / cash segment players - Delivery based buying is recommended at the 710 -720 levels in a reacting market and a stop-loss be maintained at the 685 levels. Expect a profit target of 755 - 765 in the near term.

• Aggressive F&O traders - Buy the October futures as long as the price stays above the 725 levels and hold with a stop loss at the 708 levels. Your price target is the 755 - 765 levels. 

• Fixed income strategy - N/a.

• Derivatives contract size - Market lot = 600 shares / Margin approx Rs 88,000 ( margins are subject to change daily )