NIFTY
Current: 6,237 (fut: 6,258)
Target: NA
Key support at 6,225 and key resistance at 6,300. Stop loss shorts at 6,300 and stop loss long positions at 6,200. Moves beyond these limits could go till 6,350, or till 6,150. A bearspread of long 6,200p (53) and short 6,100p (26) costs 27 and it could gain 15 if 6,200 is struck.
ICICI BANK
Current: Rs 1,133
Target: Rs 1,100
Keep a stop at 1,145 and short. Add to the position between 1,115-1,125. Book profits below 1,100.
TATA POWER
Current price: Rs 89.5
Target price: Rs 96
Keep a stop at 88 and go long. Add to the position between 92-93. Book profits above 96.
AMBUJA CEMENT
Current price: Rs 182
Target price: Rs 176
Keep a stop at 185 and short. Add to the position between 179-180. Book profits below 176.
JP ASSOCIATES
Current price: Rs 54
Target price: Rs 58
Keep a stop at 52.5 and go long. Add to the position between 56-57. Book profits above 58.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
