NIFTY
Current: 5,850 (futures: 5,883)
Target: NA
The futures premium is likely to reduce to 10-15. Use support at 5,800 (spot price) as stop-loss for long positions. Use resistance at 5,900 as stop-loss for long positions. Break-outs could go till 5,725 or 5,950. A bearspread of long 5,700p (55) and short 5,600p (32) could gain 10-15 .
BANK OF BARODA
Current: Rs 517.75 ;
Target: Rs 485
Keep a stop at Rs 530 and short. Add to position between Rs 510 and Rs 515. Book profits below Rs 485. If Rs 530 is broken, a bounce till Rs 545 is possible.
MARUTI SUZUKI
Current: Rs 1,376;
Target: Rs 1,410
Keep a stop at Rs 1,360 and go long. Add to position between Rs 1,388 and Rs 1,400. Book profits above Rs 1,410.
Current: 5,850 (futures: 5,883)
Target: NA
The futures premium is likely to reduce to 10-15. Use support at 5,800 (spot price) as stop-loss for long positions. Use resistance at 5,900 as stop-loss for long positions. Break-outs could go till 5,725 or 5,950. A bearspread of long 5,700p (55) and short 5,600p (32) could gain 10-15 .
BANK OF BARODA
Current: Rs 517.75 ;
Target: Rs 485
Keep a stop at Rs 530 and short. Add to position between Rs 510 and Rs 515. Book profits below Rs 485. If Rs 530 is broken, a bounce till Rs 545 is possible.
MARUTI SUZUKI
Current: Rs 1,376;
Target: Rs 1,410
Keep a stop at Rs 1,360 and go long. Add to position between Rs 1,388 and Rs 1,400. Book profits above Rs 1,410.
Target prices and projected movements are in terms of the next session, unless otherwise stated