TCS
Current Price: Rs 981,
Target price: Rs 1,005
The usual pre-result volatility is visible. The stock could swing between Rs 930 and Rs 1,110 today. Tentatively, keep a stop at Rs 970 and go long. Increase the position between Rs 990 and Rs 995. Start booking profits above Rs 1,005. If the Rs 970 stop is broken, go short with an initial target of Rs 945 and a stop loss at Rs 980.
Reliance Industries
Current Price: Rs 1,047.5,
Target PRICE: Rs 1,010
There's a key support at Rs 1,030-1,035. If RIL drops below Rs 1,030, it is likely to slide till around the Rs 1,010 levels. Go short, with a stop loss at Rs 1,055. Increase the position between Rs 1,027 and Rs 1,030, and reset the stop to Rs 1,032. Start booking profits below Rs 1,015 and clear the position by Rs 1,010.
Hindalco
Current Price: Rs 211,
Target Price: Rs 201
The stock saw a lot of selling in the range between Rs 217 and Rs 223. It is likely to drop further, and find support between Rs 201 and Rs 204 today. Keep a stop at Rs 214 and go short. Increase the position between Rs 205 and Rs 207. Start booking profits below Rs 203 and clear the position between Rs 201 and Rs 202.
(The target price and projected movements given above are in terms of the next one trading session)