Current Price: Rs 1,322,
Target Price: Rs 1,350
The stock registered its third successive gain and volumes expanded. It also made a break-out past Rs 1,300, which sets up a target of Rs 1,350. Keep a stop at Rs 1,310 and go long. Add to the position between Rs 1,325 and Rs 1,335. Start booking profits beyond the Rs 1,345 level.
DLF
Current Price: Rs 257,
Target Price: Rs 245
The stock's bounced off Tuesday's new 52-week low of Rs 244 and registered high volumes. This could be short-covering, in which case, the uptrend will fizzle out at Rs 260. On the next downtrend DLF should test support in the Rs 245-250 range again. Keep a stop at Rs 261 and go short. Increase the position between Rs 250 and Rs 253 and reset the stop to Rs 255. Book profits at Rs 245.
Infosys
Current Price: Rs 3,250,
Target Price: Rs 3,175
The stock's seen a lot selling since it delivered results. The pattern suggests a downtrend till somewhere between Rs 3,175 and Rs 3,200 is possible. Keep a stop at Rs 3,270 and go short. Add to the position between Rs 3,220 and Rs 3,235 and reset the stop to Rs 3,250. Book partial profits at Rs 3,200 and hold the rest with a target of Rs 3,175 and a stop of Rs 3,210
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