Current: 5,277 (April futures: 5,283);
The index continued to range trade between support at 5,200 and resistance at 5,300. A swing session could take it till either 5,150, or 5,375. A long strangle of long 5,400c (36) and long 5,100p (29) is nearly zero-delta. It costs 65 and it could gain 35-45 if either strike is hit.
Current price: Rs 2,751;
Target price: Rs 2,600
The stock has a bearish pattern. If the downtrend continues on Q4 results, it could slide till Rs 2,575-2,600. A bounce could pull the stock up till Rs 2,850. Keep a stop at Rs 2,825 and short. Add to the position between Rs 2,700 and Rs 2,735. Book profits at Rs 2,600.
Current price: Rs 135;
Target price: Rs 145
An uptrend may be in force, driven by speculation about rate cuts. A rise till Rs 145-148 is possible. Keep a stop at Rs 131 and go long. Add to the position between Rs 137 and Rs 140. Book profits above Rs 145
Current price: Rs 110;
Target price: Rs 120
An uptrend has developed and it could continue till around Rs 120-122. Keep a stop at Rs 105 and go long. Add to the position between Rs 112 and Rs 117. Book profits beyond Rs 120.
Current price: Rs 339;
Target price: Rs 325
The stock could react until it hits support at Rs 320-325. Keep a stop at Rs 345 and short. Add to the position between Rs 330 and Rs 335. Book profits at Rs 325.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated