NIFTY
Current: 4,831 (Futures: 4,868);
Target: NA
The market managed a recovery from support at 4,800. One-session swing expectations would be around 4,725 and 4,925. Hold the recommended bullspread of long 4,900c (68) and short 5,000c (31); it could gain 15-25 if the 4,900-mark is hit. The strangle of long 4,600p (16) and long 4,900c (68) is also worth holding.
YES BANK
Current: Rs 281;
Target: Rs 291
The stock has seen a rising trend over the past week and this could push to test resistance at around 290-292. Keep a stop at 274 and go long. Add to the position between 284-287. Start booking profits at 291.
TCS
Current: Rs 1,090;
Target: Rs 1,040
The stock is likely to see more selling pressure today. It may halt at support around 1,060-1,070 but is more likely to slide till around 1,035-1,045. Keep a stop at 1,115 and go short. Add to the position between 1,055-1,065. Book profits at 1,040.
SESA GOA
Current: Rs 186;
Target: Rs 196
The stock could have enough momentum to test resistance around 195-200. Keep a stop at 181 and go long. Add to the position between 188-191. Start booking profits above 196. If 181 is broken, it could fall till 177.
TATA MOTORS
Current: Rs 206;
Target: Rs 214
The stock has made a small breakout that could push it till the 214-215 mark. Keep a stop at 203 and go long. Add to the position between 209-211. Start booking profits above 214. On the downside, if it falls below 202, it could correct till 197.
The target price and the projected movements are for the next one trading session
