NIFTY
Current: 5,228 (futures: 5,252)
Target: NA
The index is range-trading 5,200-5,250. A swing could take it till 5,150 or 5,300. Stop-loss shorts at 5,275 and stop-loss long positions at 5,200. Continue holding the bearspread of long 5,200p (68) and short 5,100p (39) - it could gain 15-20 if the 5,200 mark is broken.
BANK NIFTY
Current: 10,380 (futures:10,433)
Target: 10,225
The financial index could slide till somewhere between 10,150 and 10,225 if support at 10,300 breaks. Keep a stop at 10,500 and short. Add to the position between 10,275 and 10,325. Book profits below 10,225.
TATA MOTORS
Current price: Rs 223
Target price: Rs 217
The stock could test support in the Rs 214-217 zone. Keep a stop at Rs 227 and go short. Add to the position between Rs 219 and Rs 221. Book profits below Rs 217.
NTPC
Current price: Rs 163.5
Target price: Rs 170
The stock could have an upside till the Rs 170-172 level. Keep a stop at Rs 161 and go long. Add to the position between Rs 164 and Rs 166. Book profits at Rs 170.
BPCL
Current price: Rs 355
Target price: Rs 365
The stock could test resistance between Rs 365 and Rs 370 today though it is unlikely to breakout. Keep a stop at Rs 351 and go long. Add to the position between Rs 357 and Rs 360. Book profits above Rs 365.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
