NIFTY
Current: 6,203 (futures: 6,227)
Target: NA
Range trading. Use 6,150 as a stop-loss for long positions. Use 6,275 as a stop-loss for short positions. Breakouts could go till 6,300 or 6,100. A bullspread of long 6,300c (37) and short 6,400c (13) could double in value if 6,300 is struck.
IDFC
Current: Rs 102.3;
Target: Rs 97.5
Keep a stop at Rs 104 and short. Add to the position between Rs 100 and Rs 101. Book profits below Rs 97.5
HCL TECH
Current: Rs 1,109
Target: Rs 1,140
Keep a stop at Rs 1,100 and go long. Add to the position between Rs 1,117 and Rs 1,125. Book profits above Rs 1,140.
Current: 6,203 (futures: 6,227)
Target: NA
Range trading. Use 6,150 as a stop-loss for long positions. Use 6,275 as a stop-loss for short positions. Breakouts could go till 6,300 or 6,100. A bullspread of long 6,300c (37) and short 6,400c (13) could double in value if 6,300 is struck.
IDFC
Current: Rs 102.3;
Target: Rs 97.5
Keep a stop at Rs 104 and short. Add to the position between Rs 100 and Rs 101. Book profits below Rs 97.5
HCL TECH
Current: Rs 1,109
Target: Rs 1,140
Keep a stop at Rs 1,100 and go long. Add to the position between Rs 1,117 and Rs 1,125. Book profits above Rs 1,140.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated