TRADING DESK

GAIL
Current Price: Rs 426
Target Price: Rs 435

The stock has jumped on strong volumes. It has a potential target in the range of Rs 435 in intra-day mode. In a five-seven session time-frame, it could go till Rs 445. Keep a stop at Rs 423 and go long. Add to the position if you get the chance between Rs 428 and Rs 431. Book profits above Rs 434. If you want to hold a delivery position, book at at least 50 per cent profit at Rs 434 and reset the stop to Rs 431.

IDFC
Current Price: Rs 169.45
Target Price: Rs 175

The stock has jumped on high volumes. It has strong resistance at Rs 175-176 and a potential target somewhere around Rs 175. Keep a stop at Rs 167 and go long. Add to the position between Rs 171-173. Start booking profits above Rs 175. If the stock breaks the Rs 167 stop-loss, it may slide all the way till Rs 162. So, consider reversing the position and going short with a stop at Rs 168.

TCS
Current Price: Rs 789.5 
Target Price: Rs 765

Heavy selling today on high volumes. There seems to be a downside breakout with the price having dropped below Rs 790. The target could be Rs 765. Intra-day volatility is high enough for that to be hit in one-two sessions. On the upside, there’s resistance at Rs 800. Keep a stop at Rs 800 and go short. Increase the position between Rs 780-785. Book profits at Rs 765. If stop at Rs 800 is broken, TCS could go to Rs 815.