Current: 6,036 (fut: 6,054);
Target: NA
The index is range trading 5,950-6,100. Stop-loss shorts at 6,115. Stop-loss long positions at 5,990. Breakouts or breakdowns could go till 6,150 or 5,940. A bullspread of long 6,100c (78) and short 6,200c (40) could gain 15-20 on a move beyond 6,125.
Bank Nifty
Current: 10,205 (fut: 10,255);
Target: 10,050 (fut: 10,100)
The financial index is stuck in a trading zone of 10,050-10,325. Keep a stop at 10,325 and short. Add to the position between 10,150 and 10,175. Book profits below 10,100. (All futures prices).
DLF
Current price: Rs 135;
Target price: Rs 130
Keep a stop at Rs 138 and go short. Add to the position between Rs 132 and Rs 133. Book profits at Rs 130.
Coal India
Current price: Rs 267;
Target price: Rs 251
Keep a stop at Rs 270 and go short. Add to the position between Rs 261 and Rs 264. Book profits at Rs 255.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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