|By :||Devangshu Datta|
Current: 5,898 (futures: 5,906)
Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction.
STATE BANK OF INDIA
Current price: Rs 2,263
Target price: Rs 2,320
The stock could see a run-up till the Rs 2,320-2,340 levels. Keep a stop at Rs 2,235 and go long. Add to the position between Rs 2,270-2,300. Book profits above Rs 2,320.
Current price: Rs 261
Target price: Rs 268
The stock has bounced sharply from a recent low of Rs 242. It could rise till the Rs 268-270 level. Keep a stop at Rs 258 and go long. Add to the position between Rs 263 and Rs 266. Book profits above Rs 268.
Current: Rs 108.25;
Target: Rs 111
The stock could run up till Rs 111-113. Keep a stop at Rs 105 and go long. Add to the position between Rs 109 and Rs 110. Book profits above Rs 111.
Current: Rs 207.5;
Target: Rs 213
A recovery till Rs 213-214 is possible. Keep a stop at Rs 205 and go long. Add to the position between Rs 209 and Rs 210. Book profits above Rs 213.