Trading Desk

ACC & Tata Steel

ACC
Current price: RS 883
Target price: Rs 900
ACC has made an upside breakout on strong volume. There is some selling pressure near the current price. But above Rs 885, there's a clear run till Rs 900. Keep a stop at Rs 875 and go long. Increase the position between Rs 885 and Rs 887. Start booking profits between Rs 897 and Rs 900. If you have a three-session perspective, reset the stop loss to Rs 892 and seek a target of Rs 920.

TATA STEEL
Current price: Rs 522
Target price: Rs 510
The stock has been in an intermediate downtrend since early August when it reacted from Rs 550-level. It could fall till Rs 510 today. Keep a stop at Rs 525 and go short. Increase the position between Rs 517 and Rs 518. Below Rs 517, reset the stop to Rs 519. Book partial profits at Rs 513 and clear the position at Rs 510. —

The target price and projected movements given above are in terms of the next one trading session unless otherwise stated