NIFTY
Current: 5,092 (Oct fut: 5,105)
Target: NA
The index closed with a partial recovery after a poor session. It remains range-bound. Short futures can be stop-lossed at 5,150 and long futures can be stop-lossed at 5,050. Breakouts could be till 4,950, or 5,225. A long 5,000p (22) and long 5,200c (20) could gain 15-25 if either end is struck.
JP ASSOCIATES
Current: Rs 70.5
Target: Rs 66.5
The stock has been range-trading the zone of Rs 66-75. It’s down trending now and likely to find support at Rs 66-67. Keep a stop at Rs 72 and go short. Add to the position between Rs 68 and Rs 69. Book profits below Rs 67.
COAL INDIA
Current: Rs 330
Target: Rs 320
The stock is likely to test support at Rs 320. If that breaks, it could fall till Rs 315. Keep a stop at Rs 335 and go short. Add to the position between Rs 323 and Rs 326. Start booking profits at Rs 320. If Rs 334 is broken, a pullback till Rs 342 is possible.
IDBI BANK
Current: Rs 105
Target: Rs 100
The stock has shown a lot of intra-volatility, while range-trading between Rs 100 and Rs 110. It’s at the mid-point of the zone and likely to test both ends before settlement! Use Rs 106, as a stop-loss and short. Add to the position between Rs 103 Rs 104. Book profits at Rs 100.
If 106 is broken, consider a long position with Rs 110 as the target.
EDUCOMP SOLUTIONS
Current: Rs 252
Target: Rs 235
The stock has been downtrending since October 10, when it fell from around Rs 285. It has support and Rs 230-235, which is likely to be tested inside settlement. Keep a stop at Rs 260 and go short. Add to the position between Rs 240 and Rs 245. Book profits at Rs 235.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
