NIFTY
Current: 5,142 (futures: 5,141)
Target: NA
The index could swing till 5,225 or 5,075 if there's a big session today. It has a little upwards bias. Stop-loss shorts at 5,200 and stop-loss long positions at 5,100. A combined long June 5,200c (4) and long June 5,100p (7) has breakevens at 5,089 and 5,211.
STATE BANK OF INDIA
Current price: Rs 2,113
Target price: Rs 2,060
If support at Rs 2,100-2,110 breaks, the stock could drop till Rs 2,050-2,060. Keep a stop at Rs 2,140 and go short. Add to the position between Rs 2,080 and Rs 2,100. Book profits below Rs 2,060.
IDFC
Current price: Rs 135
Target price: Rs 140
The stock has resistance between Rs 136 and Rs 137. If it breaks that, it could rise till Rs 140. Keep a stop at Rs 132 and go long. Add to the position between Rs 137 and Rs 138. Book profits above Rs 140.
COAL INDIA
Current price: Rs 343
Target price: Rs 350
The stock closed strong and it could rise till Rs 349-350. Keep a stop at Rs 339 and go long. Add to the position between Rs 345 and Rs 347. Book profits above Rs 350.
TATA MOTORS
Current price: Rs 239
Target price: Rs 234
The stock could test support between Rs 232 and Rs 234 today and it may fall further till Rs 229. Keep a stop at Rs 242 and go short. Add to the position between Rs 235 and Rs 237. Book profits below Rs 234.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stat
