Nifty, Axis Bank, Maruti Suzuki, SAIL & Reliance Industries
Current: 4,924 (June futures: 4,927)
A big session could push the index down till 4,850 or lift it till 5,000. A bearspread of long 4,800p (80) and short 4,700p (55) costs 25 and could pay a maximum 75. It could gain 15-20 if the market drops by 50 points.
Current price: Rs 971
Target price: Rs 950
A fall till the Rs 940-950 level is likely. Keep a stop at Rs 985 and go short. Add to the position between Rs 955 and Rs 965. Book profits below Rs 950.
Current price: Rs 1,100
Target price: Rs 1,070
The stock is in the middle of a downtrend. It should have a short-term target of Rs 1,065-1,075. Keep a stop at Rs 1,120 and short. Add to the position between Rs 1,085 and Rs 1,095. Book profits below Rs 1,070.
Current price: Rs 95
Target price: Rs 89
The stock saw a lot of short covering. However, post-settlement it could test support at Rs 89-90 and if that breaks, it could fall till Rs 85. Keep a stop at Rs 97 and go short. Add to the position between Rs 92 and Rs 93. Book partial profits at Rs 89 and hold the rest for a three-session target of Rs 85.
Current price: Rs 706
Target price: Rs 730
The stock bounced from support at Rs 680-685. It's difficult to judge if this was purely short-covering or sustainable. But there's good support at current levels and a pullback till Rs 730-735 is possible. Keep a stop at Rs 695 and go long. Add to the position between Rs 715 and Rs 720. Book profits above Rs 730.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated