INFOSYS
Current Price: Rs 3,185, Target Price: Rs 3,250
There is speculative buying ahead of Q2 results. The upside should be till Rs 3,250, maybe till Rs 3,300. Keep a stop at Rs 3,155 and go long. Increase the position between Rs 3,225 and Rs 3,235 and reset the stop to Rs 3,210. Either clear the position at Rs 3,250 or book partial profits and reset the stop to Rs 3,235 if you want to hold till Monday with a Rs 3,300 target.
NTPC
Current Price: Rs 202.5, Target Price: Rs 198
The stock has seen a sharp decline from recent highs at around Rs 220 it broke a support at Rs 205 yesterday. The projected downside could be till around the Rs 198 level. Keep a stop at Rs 204 and go short. Start booking profits below Rs 198.
TATA STEEL
Current Price: Rs 652.5, Target Price: Rs 670
The stock's seen a recovery post a recent correction till Rs 619. It has a potential upside till Rs 670, with some resistance at Rs 660. Keep a stop at Rs 644 and go long. Increase the position between Rs 660 and Rs 663. Start booking profits above Rs 668.
The target price and projected movements given above are in terms of the next one trading session
