Current: 5,323 (April futures: 5,349;
Current price: Rs 111;
Target price: Rs 106
The stock saw a steep correction that could pull it down till support at Rs 105-106. Keep a stop at Rs 113 and short. Add to the position between Rs 108 and Rs 109. Start booking profits below Rs 106. If Rs 113 is broken, it could run till Rs 117.
Current price: Rs 86;
Target price: Rs 82.5
The stock saw a sharp selloff after a steep rise. It could correct until it hits support at Rs 82-83. Keep a stop at Rs 88 and short. Add to the position between Rs 84 and Rs 85. Start booking profits below Rs 83. If Rs 88 is broken, the next target would be Rs 90.
Current price: Rs 330;
Target price: Rs 323
The stock could test support at around Rs 320-323 before this correction ends. Keep a stop at Rs 334 and short. Add to the position between Rs 325 and Rs 328. Book profits below Rs 323. If Rs 334 is broken, it may rebound till Rs 340.
Current price: Rs 395;
Target price: Rs 380
The stock may test support between Rs 375 Rs 380. Keep a stop at Rs 405 and short. Add to the position between Rs 385 and Rs 390. Start booking profits below Rs 380. Be prepared for excessive intra-day volatility.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated