Current: 5,689 (fut: 5,693);
Target: NA
The index may be in intermediate uptrend. Targets this session could be 5,750 or 5,625 and breakouts could push it to 5,590 or 5,775. A bullspread of long 5,800c (17) and short 5,900c (4) could double if the Nifty hits 5,750.
BANK NIFTY
Current: 11.872 (futures: 11,870)
Target: 12,100
The financial index could test the psychological barrier of 12,000 and it has a possible three-session target of 12,250. Keep a stop at 11,775 and go long. Add to the position between 11,950 and 12,025. Book profits or partial profits at 12,100.
IDFC
Current price: Rs 154;
Target price: Rs 163
If the stock breaks past resistance at Rs 155-157, it could run till Rs 163-165. Keep a stop at Rs 149 and go long. Add to the position between Rs 156 and Rs 158. Book profits above Rs 163.
RELIANCE INDUSTRIES
Current price: Rs 805;
Target price: Rs 825
A run till Rs 825-830 is possible. Keep a stop at Rs 795 and go long. Add to the position between Rs 810 and Rs 820. Book profits above Rs 825.
MARUTI SUZUKI
Current price: Rs 1,482;
Target : Rs 1,520
A run till Rs 1,520-1,530 is possible. Keep a stop at Rs 1,470 and go long. Add to the position between Rs 1,495 and Rs 1,510. Book profits above Rs 1,530.
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