NIFTY
Current: 5,363 (futures: 5,369)
Target: NA
The index could swing between 5,300 and 5,425 today. Stop-loss shorts at 5,400 and stop-loss long positions at 5,325. A bearspread of long 5,300p (36) and short 5,200p (16) costs 20 and it could double on a downtrend.
YES BANK
Current price: Rs 333
Target price: Rs 325
A pullback till the Rs 320-325 level of support is possible. Keep a stop at Rs 338 and short. Add to the position between Rs 329 and Rs 331. Book profits below Rs 325.
BHEL
Current price: Rs 197
Target price: Rs 192
The stock hit a new 52-week low on heavy institutional selling. It could fall further till around the Rs 190-192 mark. Keep a stop at Rs 200 and short. Add to the position between Rs 195 and Rs 197. Book profits below Rs 192.
TATA MOTORS
Current price: Rs 249
Target price: Rs 259
The stock is close to a three-month high. If it breaks out past resistance between Rs 249 and Rs 252, it could run till a minimum target of Rs 259-260. Keep a stop at Rs 244.5 and go long. Add to the position between Rs 250 and Rs 252. Book profits above Rs 259.
COAL INDIA
Current price: Rs 367
Target price: Rs 380
There's resistance between Rs 369 and Rs 371 and support at Rs 360. A move past Rs 371 could hit a target of Rs 380-382. Keep a stop at Rs 361 and go long with a three-day timeframe. Add to the position between Rs 370 and Rs 372. Book profits at Rs 380.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
