NIFTY
Current: 5,121 (fut: 5,127);
Target: NA
The index tested resistance between 5,125-5,150 without a breakout. But it has developed a pattern of higher tops. A big session could take it till 5,200 or 5,050. A long strangle of long 5,000p (50) and long 5,200c (57) could gain 15-20 on a big swing.
HIND UNILEVER
Current: Rs 448;
Target: Rs 460
The stock hit a new 52-week high. Upside targets are difficult to compute but a three-session target of Rs 460-465 seems possible. Keep a stop at Rs 439 and go long. Add to the position between Rs 450-455. Book profits above 460.
MARUTI
Current: Rs 1,108;
Target: Rs 1,060
If support between Rs 1,100-Rs 1,110 is broken, the stock could drop till Rs 1,050-1,060. Keep a stop at Rs 1,135 and short. Add to the position between Rs 1,085-1,095. Book profits below Rs 1,060.
NTPC
Current: Rs 154;
Target: Rs 144
The stock could fall till the Rs 140-144. Keep a stop at Rs 157 and short. Add to the position between Rs 150-152. Start booking profits below Rs 144. If Rs 159 is broken on the upside, the stock could bounce till Rs 164.
SBI
Current: Rs 2,226;
Target: Rs 2,265
The stock is likely to be quite volatile. It could move between Rs 2,190-2,270 today. Keep a stop at Rs 2,190 and go long. Add to the position between Rs 2,240-2,250. Book profits above Rs 2,265.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
