NIFTY
Current: 5,338 (futures: 5,358)
Target: NA
A swing session could pull the index up 5,425 or down till 5,265. Stop loss long futures at 5,300 and stop loss shorts at 5,365. A bear spread of long 5,300p (51) and short 5,200p (27) is cheap at net 24 and it could gain 15-20 if the index drops below 5,300.
AIRTEL
Current price: Rs 274
Target price: Rs 265
The stock crashed to a new 52-week low on adverse spectrum policy. It could fall further with a minimum target of 265. Keep a stop at 280 and short. Add to the position between 269 and 272. Book profits at 265 or book partial profits and hold for a lower target.
HIND UNILEVER
Current price: Rs 477
Target price: Rs 485
The stock hit a new 52-week high on good volumes. Keep a stop loss at 472 and go long with a target of 485-plus. Add to the position between 478 and 482. Book profits or partial profits above 485.
M&M
Current price: Rs 723
Target price: Rs 740
The stock has a possible upside till 735-745., Keep a stop at 715 and go long. Add to the poisitipon between 728 and 735. Book profits above 740.
PNB
Current price: Rs 741
Target price: Rs 725
The stock could test support at 720-725. Keep a stop at 750 and go short with a 2 session timeframe. Add to the position between 730 and 737. Book profits at 725.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
