NIFTY
Current: 5,118 (futures: 5,122)
Target: NA
Another big session could move the index till either 5,025 or 5,200. Stop-loss long positions at 5,075 and stop-loss shorts at 5,170. A bearspread of long 5,100p (27) and short 5,000p (6) costs 21 and it could double in value on a further drop.
BANK NIFTY
Current: 10,301 (futures: 10,275)
Target: 10,125
If the financial index opens above 10,425, it could bounce till 10,550. Or else, a fall till the 10,100-10,125 level is possible. Keep a stop at 10,375 and go short. Add to the position between 10,200 and 10,250. Book profits below 10,125.
SESA GOA
Current price: Rs 184
Target price: Rs 175
The stock could slide till the Rs 172-174 level. Keep a stop at Rs 190 and short. Add to the position between Rs 179 and Rs 182. Book profits below Rs 175.
JPASSOCIATES
Current price: Rs 74
Target price: Rs 69
The stock could collapse till Rs 68-69 with a possible support at Rs 72. Keep a stop at Rs 76 and short. Add to the position between Rs 71 and Rs 72. Book profits at Rs 69. If it crosses Rs 76, it could rise till Rs 79.
TATA MOTORS
Current price: Rs 216
Target price: Rs 206
The stock hit a three-month low and it could travel down till the Rs 205-206 level if the trend stays bearish. Keep a stop at Rs 221 and go short. Add to the position between Rs 212 and Rs 214. Book profits below Rs 206.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
