NIFTY
Current: 6,189 (futures: 6,225);
Target: NA
The bull run continues. Keep a stop loss at 6,175 for long positions and at 6,275 for shorts. Breakouts beyond these points could go till 6,325 or till 6,125. A bullspread of long 6,300c (34) and short 6,400c (11) could gain 15-20 if 6,300 is crossed. (All futures prices above).
BANK NIFTY
Current: 11,142 (fut: 11,207);
Target: 11,400
Keep a stop at 11,100 and go long. Add to the position between 11,250 and 11,275. Book profits at 11,400 (All futures prices).
L&T
Current price: Rs 878;
Target price: Rs 1,020
Keep a stop at Rs 965 and go long, Add to position between Rs 985 and Rs 1,000. Book profits above Rs 1,020.
BHARAT FORGE
Current price: Rs 304.5;
Target price: Rs 315
Keep a stop at Rs 300 and go long. Add to the position between Rs 308 and Rs 310. Book profits above Rs 315.
TCS
Current: Rs 2,004;
Target: Rs 2,100
Keep a stop at Rs 2,030 and go long. Add to the position between Rs 2,060 and Rs 2,075. Book profits above Rs 2,100.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
