NIFTY
Current: 5,431 (futures: 5,452)
Target: NA
A swing session could move the index till either 5,375 or 5,500. Stop-loss shorts at 5,475 and stop-loss long positions at 5,400. A bullspread of long 5,500c (35) and short 5,600c (10) costs 25 and it could double in value on a big upmove.
COAL INDIA
Current price: Rs 377
Target price: Rs 385
The stock could test resistance between Rs 385 and Rs 388. Keep a stop at Rs 371 and go long. Add to the position between Rs 379 and Rs 381. Book profits above Rs 385.
AXIS BANK
Current price: Rs 956
Target price: Rs 980
The stock could continue its upmove till around the Rs 975-985 levels. Keep a stop at Rs 948 and go long. Add to the position between Rs 960 and Rs 970. Book profits above Rs 980.
TATA MOTORS
Current price: Rs 263
Target price: Rs 268
The stock could move till around Rs 268-270 if the mome-ntum is maintained. Keep a stop at Rs 260 and go long. Add to the position between Rs 264.5 and Rs 266.5. Book profits above Rs 268.
BHEL
Current price: Rs 198
Target price: Rs 203
The stock bounced from a new 52-week low of Rs 195. If that holds, it could recover till Rs 203-205. Keep a stop at Rs 196 and go long. Add to the position between Rs 199-201. Book profits above Rs 203.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
