Current: 5,421 (futures: 5,442)
The Nifty closed above key resistance at 5,400 and could have an upside till 5,500. A correction may pull it back till 5,325. A bullspread of long 5,400c (66) and short 5,500c (18) costs 48. It's in the money and may gain substantially on another up-session.
Current price: Rs 1,111
Target price: Rs 1,145
The stock has resistance at Rs 1,120-1,130. If it beats that, it could run till Rs 1,145-1,160. Keep a stop at Rs 1,095 and go long. Add to the position between Rs 1,125 and Rs 1,135. Book profits above Rs 1,145.
Current price: Rs 89
Target price: NA
The stock could range-trade Rs 86-90 in the next two sessions. Breakouts or breakdowns could take it till either Rs 80 or Rs 95. If it falls below Rs 86.5, go short with a stop-loss at Rs 89 and a target of Rs 80-81. If it rises above Rs 90, go long with a stop at Rs 87 and a target of Rs 94-95.
Current price: Rs 112
Target price: Rs 106
The stock is down trending with support at Rs 110. If it drops below Rs 110, it could fall till Rs 105-106. Keep a stop at Rs 113.5 and go short. Add to the position between Rs 108 and Rs 109. Book profits at Rs 106.
Current price: Rs 258.5
Target price: Rs 253
The stock may test support at Rs 252-253. Keep a stop at Rs 262 and short. Add to the position between Rs 255 and Rs 257. Book profits below Rs 253.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated