Reliance Inds
Current: Rs 1,015,
Target: Rs 1,045
The stock is likely to test resistance at 1,040-1,050 today if it can break out about 1,025. Keep a stop at 1,000 and go long. Add to the position between 1,025 and 1,030. Start booking profits above 1,045. If the stop at 1,000 is broken, the next support is at 990.
Infosys
Current: Rs 2,993,
Target: Rs 3,040
The stock seems to be range-trading 2,900-3,100 and it has moved till around the middle of the range. If the recovery continues, it could see resistances at 3,030-3,045 tested today. Keep a stop at 2,970 and go long. Increase the position between 3,005 and 3,015. Start booking profits above 3,040.
DLF
Current: Rs 235,
Target: Rs 241
The stock has made an upside breakout and it could push to 241 if it clears resistance at 236. However, it could also fall till 229-230. Keep a stop at 232 and go long. Add to the position between 237 and 239. Book profits above 240.
(Target price and projected movements are in terms of the next one trading session)
