Current: 5,043 (futures: 5,083)
The index could open high today. But the overall trend is bearish. A swing session may take it to 4,975 or 5,150. Stop-loss shorts at 5,125 and stop-loss long positions at 5,000. A bear spread of long 5,000p (70) and short 4,900p (41) costs 29 and could gain 15-20 if the Nifty drops below 5,000.
Current price: Rs 180
Target price: Rs 188
The stock may test its 52-week high at Rs 182-183. If it breaks past that level, it could rise till Rs 188-190. Keep a stop at Rs 176 and go long. Add to the position between Rs 182 and Rs 184. Book profits above Rs 188.
Current price: Rs 205
Target price: Rs 190
Heavy selling pushed the stock to a three-month low. It could fall further till around Rs 185-190 mark. Keep a stop at Rs 212 and go short. Add to the position between Rs 198 and Rs 203. Book profits at Rs 190.
Current price: Rs 82
Target price: Rs 77
The stock has been in a continuous downtrend. It could test support at Rs 76-77 and if that breaks it may fall till Rs 73. Keep a stop at Rs 86 and short. Add to the position between Rs 79 and Rs 81. Book profits at Rs 77.
STATE BANK OF INDIA
Current price: Rs 2,019
Target price: Rs 2,065
If the downtrend persists, SBI could test support between Rs 1,950 and Rs 1,970. On the upside, it could bounce till Rs 2,065-2,080. Keep a stop at Rs 2,000 and go long. Add to the position between Rs 2,035 and Rs 2,055. Book profits at Rs 2,065. If Rs 2,000 is broken, go short with an initial target of Rs 1,970.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated