Current: 6,078 (futures: 6,086)
Target: NA
The index opened high and range traded 6,060-6,095. Use 6,120 and 6,030 as stop loss for short and long positions, respectively. Breakouts beyond could go till 6,150 or 5,975. The bullspread of long 6,100c (23) and short 6,200c (2) has doubled since recommended. It could gain another 20 if the index touches 6,125.
HINDUSTAN UNILEVER
Current: Rs 718;
Target: Rs 732
Breakout to new 52-week high. Keep a stop at Rs 710 and go long. Add to the position between Rs 722 and Rs 730. Book profits above Rs 732.
BANK OF BARODA
Current price: Rs 620;
Target price: Rs 600
The stock is likely to correct down. Keep a stop at Rs 628 and short. Add to the position between Rs 610 and Rs 615. Book profits below Rs 600.
ASIAN PAINTS
Current: Rs 4,941;
Target: Rs 4,825
Sell-off on results broke support at Rs 4,955. Keep a stop at Rs 5,020 and short. Add to the position between Rs 4,875 and Rs 4,900. Book profits at Rs 4825.
TITAN
Current: Rs 275;
Target: Rs 290
Big bounce that is likely to test resistance at Rs 278-Rs 280. Keep a stop at Rs 270 and go long. Add to the position between Rs 281 and Rs 283. Book profits above Rs 290.
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