NIFTY
Current: 5,928 (fut: 5,954);
Target: NA
Range trading continues. Stop loss shorts at 6025 and stop-loss long positions at 5,900 (all futures prices). Breakouts could go till 6,075 or till 5800. A bullspread of long 6,100c (80) and short 6,200c (48) could gain 15-20 if the index crosses 6,025.
ITC
Current price: Rs 347.65;
Target: Rs 355
Keep a stop at Rs 343 and go long. Add to the position between Rs 348 and Rs 350. Book profits above Rs 355.
TATA POWER
Current price: Rs 84.1;
Target price: Rs 87
Keep a stop at Rs 83 and go long. Add to the position between Rs 85 and Rs 85.75. Book profits above Rs 87.
HCL TECH
Current price: Rs 1,107;
Target price: Rs 1,140
Keep a stop at Rs 1,095 and go long. Add to the position between Rs 1,120 and Rs 1,130. Book profits above Rs 1,140.
SBI
Current price: Rs Rs 1,608;
Target price: Rs 1,655
Keep a stop at Rs 1,596 and go long. Add to the position between Rs 1,620 and Rs 1,645. Book profits above Rs 1,665.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
