Nifty
Last close:5,326

The Nifty, as expected, displayed a firm trend above 5,255 as the short-term trend indicated. The index is now nearing its major hurdle around the 5,370-5,400 range. However, given the positive momentum it may not be a surprise in case the index breaks past the resistance zone. On the downside, 5,250 now becomes the immediate support, below which the index may dip to 5,000-odd levels. On Monday, the Nifty may face resistance around 5,355-5,375, while seek support around 5,295-5,275.

Divi's Lab
Last Price: Rs 782
Target Price: Rs 765

Divi's Labs seems to be in correction mode. The stock has dipped below its short-term moving average hence likely to witness some selling pressure in the near term. Look to trade with a negative bias with a stop at Rs 788. On the downside the stock can slip to Rs 765.

Hindalco
Last close: Rs 152
Target: Rs 140

Hindalco has neared its upside resistance around RS 162. Hence, the best strategy would be to sell on rise. Look to short the stock with a stop above Rs 162. On the downside, the stock can drop to Rs 140-odd levels.

Reliance Infra
Last close: Rs 554
Target: Rs 465

Reliance Infra has entered overbought zones on the daily and the weekly charts. The stock seems to have hit its intermediate hurdle around Rs 568 in the near term hence look to short the stock, with a short term target of Rs 465.