Nifty Current: 10,389 (fut: 10,410) Target: NA Stop-long positions at 10,325. Stop-short positions at 10,500. Big moves could go till 10,550, 10,275. A long 10,500c (40), long 10,300p (45) has breakevens at 10,215, 10,585 . Either end could be struck before settlement. Bank Nifty Current: 25,595 (futures: 25,641) Target: NA Stop-long positions at 25,500. Stop-short positions at 25,775. Big moves could go till 25,950, 25,300.
Trend should be slightly positive.Coal India Current price: Rs 268 Target price: Rs 263 Keep a stop at Rs 271 and go short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263. Mahindra & Mahindra Current price: Rs 1,521 Target price: Rs 1,550 Keep a stop at Rs 1,505 and go long. Add to the position between Rs 1,535 and Rs 1,545. Book profits at Rs 1,550. Hindalco Current price: Rs 250 Target price: Rs 254 Keep a stop at Rs 248 and go long. Add to the position between Rs 252 and Rs 253. Book profits at Rs 254.
Target prices, projected movements in terms of next session, unless otherwise stated