NIFTY
Current: 5,973 (futures: 5,969)
Target: NA
Last session saw range trading with adverse advance-decline ratios. Keep stop-losses at 5,925 (long) and 6,025 (short). Breakouts could go till 5,875 or 6,050. Given a possible bearish bias, the bearspread of long 5,900p (39) and short 5,800p (19) could gain 15-20 if the index hits 5,900.
HINDUSTAN UNILEVER
Current price: Rs 685
Target price: Rs 665
The stock hit a new 52-week high at Rs 699-700 before a selloff. Keep a stop at Rs 695 and short. Add to the position between Rs 670 and Rs 675. Book profits at Rs 665. If it rises past Rs 700, it could move till Rs 715.
TCS
Current price: Rs 1,679
Target price: Rs 1,720
New 52-week high at Rs 1,684-1,685. Keep a stop at Rs 1,660 and go long. Add to the position between Rs 1,685 and Rs 1,700. Book profits above Rs 1,720.
AXIS BANK
Current price: Rs 1,194
Target price: Rs 1,150
Keep a stop at Rs 1,205 and short. Add to the position between Rs 1,165 and Rs 1,175. Book profits below Rs 1,150.
LIC HOUSING
Current price: Rs 212
Target price: Rs 205
Key support at Rs 209-210 which is the 52-week low. Keep a stop at Rs 215 and short. Add to the position between Rs 208 and Rs 209. Book profits below Rs 205.
Current: 5,973 (futures: 5,969)
Target: NA
Last session saw range trading with adverse advance-decline ratios. Keep stop-losses at 5,925 (long) and 6,025 (short). Breakouts could go till 5,875 or 6,050. Given a possible bearish bias, the bearspread of long 5,900p (39) and short 5,800p (19) could gain 15-20 if the index hits 5,900.
HINDUSTAN UNILEVER
Current price: Rs 685
Target price: Rs 665
The stock hit a new 52-week high at Rs 699-700 before a selloff. Keep a stop at Rs 695 and short. Add to the position between Rs 670 and Rs 675. Book profits at Rs 665. If it rises past Rs 700, it could move till Rs 715.
TCS
Current price: Rs 1,679
Target price: Rs 1,720
New 52-week high at Rs 1,684-1,685. Keep a stop at Rs 1,660 and go long. Add to the position between Rs 1,685 and Rs 1,700. Book profits above Rs 1,720.
AXIS BANK
Current price: Rs 1,194
Target price: Rs 1,150
Keep a stop at Rs 1,205 and short. Add to the position between Rs 1,165 and Rs 1,175. Book profits below Rs 1,150.
LIC HOUSING
Current price: Rs 212
Target price: Rs 205
Key support at Rs 209-210 which is the 52-week low. Keep a stop at Rs 215 and short. Add to the position between Rs 208 and Rs 209. Book profits below Rs 205.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
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