NIFTY
Current: 5,189 (April futures: 5,217)
Target: NA
The index was tightly ranged through settlement and closed weak. A big session could move it till 5,100 or 5,300. Stop-loss shorts at 5,250. Stop-loss long positions at 5,150. A bearspread of long 5,200p (110) and short 5,100p (74) costs 26. The value could double if the index slides till 5,150.
IDFC
Current price: Rs 120
Target price: Rs 114
The stock hit a new three months low. It could fall till around Rs 112-114 in the next three sessions. Keep a stop at Rs 123 and short. Add to the position between Rs 117 and Rs 119. Book profits below Rs 114.
ITC
Current price: Rs 249
Target price: Rs 260
The stock hit a new 52-week high. It could run up till around Rs 260-265. Keep a stop at Rs 245 and go long. Add to the position between Rs 250 and Rs 254. Book profits above Rs 260.
COAL INDIA
Current price: Rs 359
Target price: Rs 345
The stock faces heavy resistance between Rs 362 and Rs 365. It could react till around the Rs 342-345 level over the next three sessions. Keep a stop at Rs 365 and short. Add to the position between Rs 348 and Rs 351. Book profits below Rs 345.
BAJAJ AUTO
Current price: Rs 1,605
Target price: Rs 1,560
The stock could react till Rs 1,550-1,560 if the current support breaks. It could also bounce till Rs 1,645. Keep a stop at Rs 1,630 and short. Add to the position between Rs 1,585 and Rs 1,600. Book profits below Rs 1,560.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
