NIFTY
Current: 5,120 (futures: 5,130);
Target: NA
The index was tightly ranged between 5,100-5,145. A breakout could take it till 5,200 or 5,000. A strangle of long 5,000p (18) and long 5,200c (27) is worth holding till weekend. If either end is struck, the value would rise by 15-20.
HINDUSTAN UNILEVER
Current price: Rs 456;
Target price: Rs 472
A breakout to a new 52-week high could mean a potential upside till around Rs 470-475. Keep a stop at Rs 452 and go long. Add to the position between Rs 458 and Rs 463. Start booking profits above Rs 472.
TATA MOTORS
Current price: Rs 246;
Target price: Rs 260
If the stock crosses resistance at Rs 249, it could bounce till between Rs 260 and Rs 265. Keep a stop at Rs 241 and go long. Add to the position between Rs 248 and Rs 251. Start booking profits above Rs 260.
TCS
Current price: Rs 1,253;
Target price: Rs 1,220
The stock is likely to test support between Rs 1,200 and Rs 1,220. Keep a stop at Rs 1,270 and short. Add to the position between Rs 1,230 and Rs 1,240. Start booking profits below Rs 1,220.
COAL INDIA
Current price: Rs 338;
Target price: Rs 330
The stock saw substantial selling yesterday and if this continues, it could slide till Rs 328-330. Keep a stop at Rs 343 and go short. Add to the position between Rs 333 and Rs 336. Start booking profits below Rs 330.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated