Nifty Current: 10,342 (fut: 10,360) Target: NA Stop-long positions at 10,275. Stop-short positions at 10,435. Big moves could go till 10,475, 10,225. A long 10,300p (42), 10,200p (19), could gain 15-20 if the index falls till 10,250. Bank Nifty Current: 25,766 (futures: 25,803) Target: NA Stop-long positions at 25,700. Stop-short positions at 25,900. Big moves could go till 26,100, 25,500.
The short-term trend may have a small downwards bias.Mahindra & Mahindra Current price: Rs 1,429 Target price: Rs 1,455 Keep a stop at Rs 1,415 and go long. Add to the position between Rs 1,445 and Rs 1,450. Book profits at Rs 1,455. Axis Bank Current price: Rs 540 Target price: Rs 530 Keep a stop at Rs 545 and go short. Add to the position between Rs 532 and Rs 534. Book profits at Rs 530. HIndalco Current price: Rs 258 Target price: Rs 254 Keep a stop at Rs 260 and go short. Add to the position between Rs 255 and Rs 256. Book profits at Rs 254. Target prices, projected movements in terms of next session, unless otherwise stated