Vakrangee Software is an Easy come Easy go pick! Why I am saying this is because the stock has some good news and the news is that TCS has approached it to work as build partner for the Passport Sewa Kendra project at a few sites. And the bad news is that the FII holding in has dropped from approx 34% as on Dec 2008 to about 16.8 % in Mar 2009!
Check the chart above the stock has been locked in upper circuit for past couple of days (news based buying!) and that too on abysmally low volumes. This can give some astounding returns but then on the flip side it can hit the down circuits with equal ease too and making exit difficult. A small exposure on dips preferably near 40/45 levels can show the 80/110 and 130 in the near future. Just to make things clear I have posted the weekly chart also below.
Remember I still stress on SMALL EXPOSURE and not suggesting this stock for trading. This would be better off if you buy and forget about it for some time rather than watching the screen daily.