Nifty
Current:6,299 (futures:6,333);
Target: NA
The Nifty could cross to an all-time high on Friday. Stop-loss shorts at 6,350 and stop-loss long positions at 6,235. Breakouts could be till 6,425 or 6,175. A bullspread of long 6,400c (82) and short 6,500c (46) costs 36 and it could gain 15 if the index moves past 6,375. (All futures prices)
Bank Nifty
Current: 11,473; (futures: 11,560)
Target: 11,750
Keep a stop at 11,425 and go long. Add to the position between 11,600 and 11,625. Book profits above 11,750. (All futures prices)
Sesa Sterlite
Current: Rs 202;
Target: Rs 207
Keep a stop at Rs 199 and go long. Add to the position between Rs 204.5 and Rs 205.5. Book profits above Rs 207.
Tata Power
Current: Rs 82.15;
Target: Rs 85
Keep a stop at Rs 81 and go long. Add to the position between Rs 82.75 and Rs 83.5. book profits above Rs 85.
IDFC
Current: Rs 105.75 ;
Target: Rs 109
Keep a stop at Rs 104 and go long. Add to the position between Rs 106.65 and Rs 107.5. Book profits above Rs 109.
Target prices, projected movements in terms of next session, unless otherwise stated
