NIFTY
Current: 5,413 (futures: 5,437)
Target: NA
Despite test of resistance at 5,450, no net change in value. A swing could move the Nifty till 5,350 or 5,500. Bulls can hold the bullspread of long 5,400c (58) and short 5,500c (15) - this would gain 15-20 on a move to 5,450-plus. Stop-loss at 5,460 if you short.
IDFC
Current price: Rs 142
Target price: Rs 138
The stock could react till support at Rs 137-138. Keep a stop at Rs 144 and short. Add to the position between Rs 139.5 and Rs 141. Book profits below Rs 138
RANBAXY
Current price: Rs 535
Target price: Rs 550
The stock could have a target in the Rs 550-555 zone, given good volumes. Keep a stop at Rs 525 and go long with a two-session perspective. Add to the position between Rs 540 and Rs 545. Book profits at Rs 550.
INFOSYS
Current price: Rs 2,434
Target price: Rs 2,480
The stock may test resistance between Rs 2,475 and Rs 2,490. Keep a stop at Rs 2,410 and go long. Add to the position between Rs 2,440 and Rs 2,460. Book profits above Rs 2,480.
BANK NIFTY
Current: 10,472 (futures: 10,521)
Target: 10,375
The financial index is range trading 10,350-10,600. It could open a little weak tomorrow and test the lower end of the range. Keep a stop at 10,575 and short. Add to the position between 10,400 and 10,450. Book profits below 10,375.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
