NIFTY
Current: 5,128 (futures: 5,136 );
Target: NA
A big session could push the index till 5,200 or pull it down to 5,050. Stop-loss short positions at 5,175 and stop-loss long positions at 5,075. A long 5,100p (13) could double in value if it is struck.
HINDUSTAN UNILEVER
Current price: Rs 476;
Target price: Rs 485
The stock made a breakout to a new 52-week high on volume expansion. It's difficult to set an upside target. But it could correct till Rs 470 or rise till around Rs 485 in the next two sessions. Keep a stop at Rs 470 and go long. Add to the position between Rs 477 and Rs 481. Book profits above Rs 485.
AXIS BANK
Current price: Rs 1,041;
Target price: Rs 1,005
The stock could correct to the Rs 990-1,005 level or rise till Rs 1,055-1,060. Keep a stop at Rs 1,055 and go short. Add to the position between Rs 1,015 and Rs 1,025. Book profits below Rs 1,005.
LARSEN & TOUBRO
Current price: Rs 1,355;
Target price: Rs 1,300
The stock has lost ground in three successive high volume sessions. It could find support at Rs 1,335-1,345. If it falls below Rs 1,335, it could fall till Rs 1,290-1,300 by settlement. Keep a stop at Rs 1,375 and short. Add to the position between Rs 1,335 and Rs 1,345. Book profits at Rs 1,300.
WIPRO
Current price: Rs 346;
Target price: Rs 330
If the stock drops below Rs 340, it could slide till Rs 327-330. Keep a stop at Rs 352 and short. Add to the position between Rs 335 and Rs 340. Book profits at Rs 330.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
