NIFTY
Current: 5,871 (futures: 5,916 )
Target: NA
The futures is trading at a premium of 40-50 points. A swing session could go till 5,800 or 5,950 (fut prices 5,850/6,000). Stop loss long positions at futures price of ,5870 and stop loss shorts at 5,950. A bullspread of long 6,000c (47) and short 6,100c (22) could gain 15-20 if the index gains 50 points.
YES BANK
Current price: Rs 447
Target price: Rs 460
The stock could have a target of Rs 460-465. Keep a stop at Rs 440 and go long. Add to the positon between Rs 450 and Rs 455. Book profits above Rs 460.
TATA STEEL
Current price: Rs 391
Target price: Rs 405
The stock has a possible upside till Rs 405-410. Keep a stop at Rs 385 and go long. Add to the position between Rs 394 and Rs 398. Book profits above Rs 405.
JP ASSOCIATES
Current price: Rs 97.5
Target price: Rs 101
The stock hit a new high at Rs 99 before reacting. If it crosses Rs 99, it could run till Rs 101-102. Keep a stop at Rs 96 and go long. Add to the position at Rs 99-100. Book profits above Rs 101.
ACC
Current price: Rs 1,436
Target price: Rs 1,480
The stock has a possible upside till Rs 1,480-1,490. Keep a stop at Rs 1,420 and go long. Add to the position between Rs 1,450 and Rs 1,465. Book profits above Rs 1,480.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated