NIFTY
Current: 5,430 (Mar fut: 5,474);
Target: NA
The short-term is bullish. A big session could take it till either 5,550, or 5,300. The prior recommendations of a bullspread of long 5,500c (94) and short 5,600c (54), and a strangle of long 5,000p (15) and long 5,400c (148) are both in profit. They can be held with stop-losses at 5,350.
AXIS BANK
Current price: Rs 1,241
Target price: Rs 1,300
The stock has major resistance between Rs 1,255 and Rs 1,265. If it breaks out, it could run till around Rs 1,300-1,310. On the downside, if it breaks support between Rs 1,120 and Rs 1,130, it could fall till Rs 1,190. Keep a stop at Rs 1,230 and go long. Add to the position between Rs 1,260 and Rs 1,270. Book profits at Rs 1,300.
SAIL
Current price: Rs 101
Target price: Rs 104.5
A move till the Rs 104-105 level is possible if the bullish trend sustains for another session. Keep a stop at Rs 99 and go long. Add to the position between Rs 102 and Rs 103. Start booking profits above Rs 104.
RCOM
Current price: Rs 100
Target price: Rs 107
The stock could have an upside to Rs 107-108. Keep a stop at Rs 97 and go long. Add to the position between Rs 102 and Rs 104. Book profits above Rs 107.
MARUTI SUZUKI
Current price: Rs 1,368
Target price: Rs 1,410
The stock just hit a new 52-week high at Rs 1,384 and then retracted on profit-booking. If it penetrates Rs 1,385-1,390, it could run till Rs 1,420. Keep a stop at Rs 1,355 and go long. Add to the position between Rs 1,385 and Rs 1,390 and book profits above Rs 1,410.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
