TRADING DESK

Ashok Leyland
Current Price: Rs 60.85 Target Price: Rs 64 The stock has made an upwards breakout on high volumes. It's difficult to project a target since this is a new zone. But a minimum move should be till around Rs 64. Keep a stop loss at Rs 58.5 and go long with a three-session perspective. At above Rs 63.5, book 50 per cent profit and reset the stop loss to Rs 62.5.

HDFC
Current Price: Rs 2,801.60
Target Price: Rs 2,735 The stock is being sold on increasing volumes and has a bearish pattern. It has a huge daily high-low range averaging around Rs 68 in the past month. There's support down till around Rs 2,787. Below that, the scrip could drop till the Rs 2,835 mark. Keep a stop at Rs 2,825 and go short in the futures segment with a time-frame of three-five sessions. Increase the position below Rs 2,785. Start booking profits below Rs 2,740.

RNRL
Current Price: Rs 72.80 
Target Price: Rs 68 The stock has been rising. But the up-move is getting increasingly speculative with volumes and delivery ratios both dropping lower. RNRL could be due for a reaction till around Rs 68. Keep a stop at Rs 74 and go short. Increase the position below Rs 71.50. Book 50 per cent profit at Rs 70 and reset the stop loss to Rs 70.50. Preferably use the futures segment.