Siemens - This counter has been recommended by us ever since the scrip broke out above the 414 levels and the counter has never looked back since then. The scrip is showing tremendous relative strength and is making new highs will a precise regularity. The oscillators are supporting an upmove and we recommend a buy for the discerning portfolio investor with a 3 - 6 month perspective.

Your call of action - 

• Investors / cash segment players - Delivery based buying is recommended at the 520 - 525 levels and a stop-loss be maintained at the 490 levels. Expect a profit target of 560 - 570 in the medium term in a firm market.

• Aggressive F&O traders - F&O not available.

• Fixed income strategy - F&O not available.

• Derivatives contract size - F&O not available