JP Associates, DLF, Hindalco, TCS & IDFC
JP ASSOCIATES
Current Price: Rs 96,
Target Price: Rs 92.5
The stock is seeing selling pressure and it could experience a pullback till Rs 92-93. Keep a stop at Rs 98 and go short. Increase the position between Rs 94.5 and Rs 95.5 and reset the stop till Rs 96. Start booking profits below Rs 93.
DLF
Current Price: Rs 234,
Target Price: Rs 221
The stock could either recover till around Rs 245-246 or drop till Rs 220-221. Keep a stop at Rs 240 and go short. Add to the short position between Rs 228 and Rs 231 and reset the stop-loss to Rs 234. Start booking profits below Rs 222. If Rs 240 is broken, go long with a stop-loss at Rs 237 and a target of Rs 245.
HINDALCO
Current Price: Rs 204,
Target Price: Rs 199
The stock has seen selling on expanded volume. If support at Rs 203 breaks, it could drop till Rs 198-199. Keep a stop at Rs 207 and go short. Increase the position between Rs 201 and Rs 202.5 and reset the stop till Rs 204. Start booking profits below Rs 200. If the Rs 207 stop is broken and stock rises past Rs 208, it could jump back till Rs 213.
TCS
Current Price: Rs 1,145,
Target Price: Rs 1,100
The stock could bounce back till Rs 1,210 or continue falling till it hits the next support at Rs 1,090-1,100. Keep a stop at Rs 1,167 and short. Add to the position between Rs 1,125 and Rs 1,140 and reset the stop loss till Rs 1,150. Start booking profits at Rs 1,100. If the Rs 1,167 stop is broken, go long with a target of Rs 1,210 and a stop-loss at Rs 1,150.
IDFC
Current Price: Rs 154,
Target Price: Rs 160
The stock could slide till Rs 149 or it could bounce back till around Rs 160. Keep a stop at Rs 152 and go long. Increase the position between Rs 157 and Rs 158 and reset the stop till Rs 154. Start booking profits above Rs 159.
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