NIFTY
Current: 5,193 (futures: 5,193);
Target: NA
The index could swing between 5,125 and 5,275 if there’s a big session. A strangle of long 5,100p (18) and long 5,300c (13) could double in value if there's a big move. The bearspread of long 5,200p (53) and short 5,100p (18) may be worth holding with a stop at 5,240.
COAL INDIA
Current price: Rs 354;
Target price: Rs 360
The stock should test resistance at Rs 360. If it moves above Rs 360, it could have a target of Rs 375-380. Keep a stop at Rs 350 and go long. Book partial profits at Rs 360, reset the stop-loss to Rs 357 and hold for a five-session target of Rs 370.
DLF
Current price: Rs 202.55;
Target price: Rs 192
The stock has started a reaction, which could pull it back to support at Rs 189-192. Keep a stop-loss at Rs 206 and go short. Add to the position between Rs 197 and Rs 200. Book profits below Rs 192.
BAJAJ AUTO
Current price: Rs 1,445;
Target price: Rs 1,400
The stock could test support at Rs 1,425-1,435. If it falls below Rs 1,425, it could drop till Rs 1,390-1,400. Keep a stop at Rs 1,460 and go short. Add to the position between Rs 1,425 and Rs 1,435. Book profits below Rs 1,400.
BANK NIFTY
Current: 10,558 (futures: 10,561);
Target: 10,400
The financial index may have started a correction. It could fall till 10,350-10,400. Keep a stop at 10,625 and short. Add to the position between 10,450 and 10,500. Book profits below 10,400.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated