DLF
Current price: Rs 315.5,
Target price: Rs 303
The stock’s reacting from the Rs 325 level. It has reliable support only at Rs 300-305 and could land at those levels today. Keep a stop loss at Rs 320 and go short. Increase the position between Rs 310 and 312. Below Rs 307, book a partial profit and reset the stop loss to Rs 310. Clear the position below Rs 305. If you can keep an overnight position, look for a target of Rs 295.
L&T
Current price: Rs 1,894,
Target price: Rs 1,925
The stock seems to be in a stable uptrend since early May when it bottomed at around Rs 1,500. It made a 52-week high on Monday at Rs 1,898 and closed near there. The upside could be around Rs 1,925 if the trend continues. Keep a stop at Rs 1,885 and go long. Increase the position to Rs 1,899-1,905. Book profits above Rs 1,920.
The target price and projected movements given above are in terms of the next one trading session unless otherwise stated
