Nifty Current: 11,130 (fut: 11,138) Target: NA Stop-long positions at 11,070. Stop-short positions at 11,205. Big moves could go till 11,250, 11,000. A long 10,900p (113), short 10,800p (88) is expensive but it could gain 15-20 if the index falls till 11,000. Bank Nifty Current: 27,498 (fut: 27,497) Target: NA Stop-long positions at 27,375. Stop-short positions at 27,625. Big moves could go till 27,800, 27,200.
Trend is bullish but less so than the Nifty.HDFC Current price: Rs 1,968 Target price: Rs 2,005 Keep a stop at Rs 1,950 and go long. Add to the position between Rs 1,990 and Rs 1,995. Book profits at Rs 2,005. Hindustan Unilever Current price: Rs 1,397 Target price: Rs 1,420 Keep a stop at Rs 1,385 and go long. Add to the position between Rs 1,410 and Rs 1,415. Book profits at Rs 1,420. Lupin Current price: Rs 912 Target price: Rs 895 Keep a stop at Rs 920 and go short. Add to the position between Rs 897 and Rs 903. Book profits at Rs 895. Target prices, projected movements in terms of next session, unless otherwise stated