NIFTY
Current: 5,717 (futures: 5,721 )
Target: NA
A big session could take the index till either 5,640 or 5,780. Stop loss shorts at 5,750 and stop loss long positions at 5,670. A bullspread of long Oct 5,700c (41) and short Oct 5,800c (6) will be profitable if the index moves beyond 5,735.
ICICI BANK
Current price: Rs Rs 1,076
Target price: Rs 1,100
The stock could test the Rs 1,100-1,110 mark if the uptrend continues. Keep a stop at Rs 1,055 and go long. Add to the position between Rs 1,080 and Rs 1090. Book profits at Rs 1,100.
L&T
Current price: Rs 1,671
Target price: Rs 1,720
The stock hit a new 52-week high at Rs 1,674 on decent volumes. It could move till the Rs 1,720-1,735 level. Keep a stop at Rs 1,645 and go long. Add to the position at Rs 1,680-1,695. Book profits above Rs 1,720.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
