Nifty
Current: 5,850 (futures: 5,867);
Target: NA
Support at 5,800. Resistance at 5,925. The trend could be going bearish. Breakouts/ breakdowns could go till 5,750 or 5,950. A deep bearspread of long 5,600p (52) and short 5,500p (36) costs 16. It could double in value if the index drops till 5,750.
DLF
Current price: Rs 149.25;
Target price: Rs 144
Keep a stop at Rs 151 and short. Add to the position between Rs 146.5 and Rs 147.5. Book profits below Rs 144. If Rs 151 is broken, the stock could bounce till Rs 156.
Tata Steel
Current price: Rs 302. 75;
Target price: Rs 312
Keep a stop at Rs 297 and go long. Add to the position between Rs 304 and Rs 307. Book profits above Rs 312. if it falls below Rs 297, the next support could be Rs 289-290.
IndusInd Bank
Current price: Rs 397;
Target price: Rs 395
Keep a stop at Rs 402 and short. Add to the position between Rs 392 and Rs 395. Book profits below Rs 385.
Idea Cellular
Current price: Rs 163.5;
Target price: Rs 159
Keep a stop at Rs 166 and short. Add to the position between Rs 160 and 162. Book profits below Rs 159.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
