NIFTY
Current: 6,111 (futures: 6,112) Target: NA
The bullish pattern holds. Today's session could have range limits of 6,065-6,175 with possible breakouts till 6,225 or 6,000. Stop-loss shorts at 6,150 and stop-loss long positions at 6,050. Worth holding the long May 6,200c (8) since it could double on a move past 6,150.
BHEL
Current price: Rs 204
The stock tested resistance at Rs 205. A move past Rs 205 could take it till Rs 210-212 or till Rs 217-220 if it clears Rs 212. Go long with a stop at Rs 200. Add to the position between Rs 205 and Rs 207. Book profits or partial profits at Rs 210.
JP ASSOCIATES
Current price: Rs 71.7
Target price: Rs 75
Go long with a stop-loss at Rs 69.5 and a target of Rs 75-76. Add to the position between Rs 72.5 and Rs 73.5. Book profits above Rs 75.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
Current: 6,111 (futures: 6,112) Target: NA
The bullish pattern holds. Today's session could have range limits of 6,065-6,175 with possible breakouts till 6,225 or 6,000. Stop-loss shorts at 6,150 and stop-loss long positions at 6,050. Worth holding the long May 6,200c (8) since it could double on a move past 6,150.
BHEL
Current price: Rs 204
Also Read
Target price: Rs 210
The stock tested resistance at Rs 205. A move past Rs 205 could take it till Rs 210-212 or till Rs 217-220 if it clears Rs 212. Go long with a stop at Rs 200. Add to the position between Rs 205 and Rs 207. Book profits or partial profits at Rs 210.
JP ASSOCIATES
Current price: Rs 71.7
Target price: Rs 75
Go long with a stop-loss at Rs 69.5 and a target of Rs 75-76. Add to the position between Rs 72.5 and Rs 73.5. Book profits above Rs 75.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated