|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Current: 5,939 (futures: 5,964);
The downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.
Current price: Rs 390;
Target price: Rs 380
A one-month low could trigger a pullback till the Rs 375-380 level. Keep a stop at Rs 396 and short. Add to the position between Rs 385 and Rs 388. Book profits below Rs 380.
Current price: Rs 320;
Target price: Rs 310
The stock hit a one-month low and the downtrend could test support at Rs 305-310. Keep a stop at Rs 324 and short. Add to the position between Rs 312 and Rs 315. Book profits at Rs 310.
MAHINDRA & MAHINDRA
Current price: Rs 897;
Target price: Rs 915
The stock has maintained an uptrend. Keep a stop at Rs 885 and go long. Add to the position between Rs 900 and Rs 910. Book profits above Rs 915.
Current price: Rs 1,461;
Target price: Rs 1,490
The stock seems to have found support at Rs 1,450 and it could, move up again till the Rs 1,490-1,500 levels. Keep a stop at Rs 1,445 and go long. Add to the position between Rs 1,465 and Rs 1,480. Book profits above Rs 1,490.