Current: 6,049 (fut: 6,061)
A correction after several small gains. A swing session today could move the index till 5,990 or back till 6,100-plus. The strangle of long 6,000p (24) and long 6,100c (23) has breakevens at 5,950, 6,150 and it’s zero-delta. Stop-loss shorts at 6,080 and stop-loss long positions at 6,015.
Current price: Rs 509
Target price: Rs 525
The stock has corrected from a recent high of Rs 545 to support at Rs 495 and may be bullish again. It could have a target of Rs 525-530. Keep a stop at Rs 499 and go long. Add to the position between Rs 515 and Rs 520. Book profits above Rs 525.
Current price: Rs 1,570
Target price: Rs 1,610
The stock could move up to a new high of Rs 1,610-1,620 in anticipation of results. Keep a stop-loss at Rs 1550 and go long. Add to the position between Rs 1,590 and Rs 1,600. Book profits or partial profits above Rs 1,610.
Current: Rs 337;
Target price: Rs 345
The stock's reacted from a recent high of Rs 355 to bounce from support at Rs 332. If the trend has turned bullish again, it could go till Rs 345-350 today. Keep a stop at Rs 332 and go long. Add to the position between Rs 341 and Rs 343. Book profits above Rs 345.