Nifty Current: 10,348 (fut: 10,370), Target: NA Stop-long positions at 10,290. Stop-short positions at 10,450. Big moves could go till 10,250, 10,500. Along 10,200p (16), long 10,500c (18) has breakevens at 10,535, 10,165. It could gain 10-15 on a 100 point swing from current prices. Bank Nifty Current: 25,736 (fut: 25,787) Target: NA Stop-long positions at 25,675. Stop-short positions at 25,900.
Big moves could go till 26,100, 25,500. Slight downwards bias. Hindalco Current price: Rs 255 Target price: Rs 251 Keep a stop at Rs 257 and go short. Add to the position between Rs 252 and Rs 253. Book profits at Rs 251. Adani Ports Current price: Rs 407 Target price: Rs 400 Keep a stop at Rs 412 and go short. Add to the position between Rs 401 and Rs 403. Book profits at Rs 400. HCL Tech Current price: Rs 853 Target price: Rs 870 Keep a stop at Rs 845 and go long. Add to the position between Rs 862 and Rs 865 Book profits at Rs 870.
Target prices, projected movements in terms of next session, unless otherwise stated