NIFTY, HIND UNILEVER, TATA MOTORS, MINDTREE & BANK OF BARODA
Current: 5,239 (May futures: 5,243);
Selling pressure could mean a bearish session on Wednesday. Stop-loss shorts at 5,300 and stop-loss long positions at 5,180. Breakout could be till 5,125 or 5,325. Hold a strangle of long 5,400c (38) and long 5,100p (51) or a breaspread of long 5,200p (82) and short 5,100p(51).
Current price: Rs 425;
Target price: Rs 445.
The stock hit new a 52-week high at Rs 434. If it crosses resistance between Rs 432 and Rs 436, it could hit the Rs 445-450 level. Keep a stop at Rs 420 and go long. Add to the position between Rs 430 and Rs 434. Book profits above Rs 445.
Current price: Rs 304;
Target price: Rs 290
A continuation in the sell off may force the stock to test support at Rs 285-290. Keep a stop at Rs 313 and short.
Add to the position between Rs 298 and Rs 302. Book profits below Rs 290.
Current price: Rs 601;
Target price: Rs 625
The stock hit a new 52-week high at Rs 612 and reacted. If it breaks out past Rs 612, it will a target of Rs 625-630. Keep a stop at Rs 592 and go long. Add to the position between Rs 610 and Rs 615.
Book profits above Rs 625.
BANK OF BARODA
Current price: Rs 758;
Target price: Rs 740
The stock could react till support at the Rs 735-740 level. Keep a stop at Rs 765 and go short. Add to the position between Rs 750 and Rs 755. Book profits below Rs 740.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated