ICICIdirect has recommended weekly derivative strategy on the following stocks:

Tata Chemicals 

`Buy` August futures in the range of Rs 310.5 - 314.5 for the target price of Rs 330 with a stop loss placed at Rs 303.5.

Dr Reddy`s Laboratories   

`Buy` August futures in the range of 1,642 - 1,662 for the target price of Rs 1,740 with a stop loss placed at Rs 1,590.

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