Current: 5,363 (futures: 5,381)
The index range traded 5,350-5,390. A swing session today could go till 5,300 or 5,450. Stop-loss long positions at 5,325 and stop-loss shorts at 5,425. A bullspread of long 5,400c (46) and short 5,500c (14) could gain 15-20 if the market moves above 5,425.
Current price: Rs 117
Target price: Rs 111
There is support at Rs 115-116. If the stock falls below Rs 115, it could drop till Rs 110-111. Keep a stop at Rs 119 and short. Add to the position between Rs 113 and Rs 115. Book profits at Rs 111.
Current price: Rs 142
Target price: Rs 147
The stock jumped on high volumes. If it crosses resistance at Rs 143-144, it could run till Rs 147-148. Keep a stop at Rs 140 and go long. Add to the position between Rs 143 and Rs 144. Book profits above Rs 147.
STATE BANK OF INDIA
Current price: Rs 1,894
Target price: Rs 1,860
The stock could slide till it hits support at Rs 1,850-1,865. Keep a stop at Rs 1,910 and go short. Add to the position between Rs 1,880 and Rs 1,890. Book profits below Rs 1,860.