AXIS BANK
Current price: Rs 1,075
Target price: Rs 1,100
Another up-session could push the stock till Rs 1,100-1,110. Keep a stop at Rs 1,060 and go long. Add to the position between Rs 1,075 and Rs 1,090. Book profits above Rs 1,100.
TATA MOTORS
Current price: Rs 246
Target price: Rs 257
If the stock clears resistance at Rs 249-251, it could move till Rs 257-260. Keep a stop at Rs 242 and go long. Add to the position between Rs 250 and Rs 252. Book profits above Rs 257.
ITC
Current price: Rs 258.5
Target price: Rs 265
A big jump accompanied by strong volumes could test the all time highs of Rs 260-plus. A breakout beyond Rs 261 would take the stock till Rs 265 at least. Keep a stop at Rs 255 and go long. Add to the position between Rs 260 and Rs 262. Book profits above Rs 265.
WIPRO
Current price: Rs 385
Target price: Rs 372
If support at the current level breaks, the stock could drop till Rs 370-372. Keep a stop at Rs 393 and go short. Add to the position between Rs 379 and Rs 383. Book profits below Rs 372.
RELIANCE INFRA
Current price: Rs 569
Target price: Rs 579
The stock has a minimum target of Rs 579 if the uptrend persists. If it breaks out beyond Rs 581, it could move till Rs 595-600. Keep a stop at Rs 560 and go long. Add to the position between Rs 572 and Rs 575. At Rs 579, either book profits or book partial profits, reset the stop at Rs 573 and look for a further breakout.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stat
