Current: 6,069 (fut: 6,089);
Target: NA
The index continued to log gains. This session set a stop loss at 6,020 for long positions, and stop loss at 6,110 for shorts. The bullspread of long 6,100c (84) and short 6,200c (43) remains worth holding.
HDFC
Current price: Rs 885;
Target price: Rs 920
New high at Rs 895. Keep a stop at Rs 872 and go long with a three-session timeframe. Add to the position between Rs 895 and Rs 905. Book profits above Rs 920.
LUPIN
Current price: Rs 731;
Target price: Rs 750
The stock will test its 52-week high of Rs 738-739 again. Breakouts could go till Rs 750-755. Keep a stop at Rs 720 and go long. Add to the position between Rs 738 and Rs 745. Book profits beyond Rs 750.
ZEEL
Current price: Rs 246;
Target price: Rs 255
New high at Rs 247-248 on excellent volumes. Keep a stop at Rs 240 and go long. Add to the position between Rs 248 and Rs 250. Book profits at Rs 255.
AXIS BANK
Current price: Rs 1,490;
Target price: Rs 1,445
The stock could pull back till the Rs 1,435-1,445 level. Keep a stop at Rs 1,510 and go short. Add to the position between Rs 1,460 and Rs 1,475. Book profits below Rs 1,445.
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