NIFTY
Current: 5,240 (futures: 5,254)
Target: NA
The index could move till 5,175 or 5,325 today if there's a big swing. Stop-loss shorts at 5,300 and stop-loss long positions at 5,200. A bearspread of long 5,200p (68) and short 5,100p (39) costs 30. It could gain 15 if the market drops below 5,200.
CIPLA
Current price: Rs 354
Target price: Rs 363
The stock could test its recent high of Rs 363 again. If it rises past Rs 364 it has a minimum target of Rs 370. Keep a stop at Rs 351 and go long. Add to the position between Rs 355 and Rs 358. Book profits above Rs 362.
CAIRN INDIA
Current price: Rs 339
Target price: Rs 349
The stock could move till the Rs 347-350 zone. Keep a stop at Rs 333 and go long. Add to the position between Rs 343 and Rs 346. Book profits above Rs 349.
Coal India
Current price: Rs 349
Target price: Rs 335
The stock could slide till the Rs 332-335 level. Keep a stop at Rs 355 and go short. Add to the position between Rs 342 and Rs 345. Book profits below Rs 335.
HERO MOTOCORP
Current price: Rs 1,975
Target price: Rs 1,910
There’s some support at Rs 1,950-1,970. If the stock drops below Rs 1,950, it could fall till Rs 1,890-1,910. Keep a stop at Rs 2,000 and go short. Add to the position between Rs 1,935 and Rs 1,950. Book profits below Rs 1,910.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
