NIFTY
Current: 8,556 (futures: 8,598)
Stop-loss long positions at 8,475. Stop shorts at 8,650. Big swings till 8,400 or 8,700 possible on RBI action. A wide strangle of long 8,400c (40) and long 8,700c(56) could gain on a big move.
BANK NIFTY
Current: 18,525 (futures: 18,644)
The financial index futures could swing between 18,400-18,850, depending on RBI policy. Downturn if RBI doesn't cut rate. Stop-loss long positions at 18,500. Stop shorts at 18,750.
ASIAN PAINTS
Current: Rs 797
Target: Rs 810
Keep a stop at Rs 790 and go long. Add to the position between Rs 803 and Rs 805. Book profits at Rs 810.
JINDAL STEEL
Current: Rs 136
Target: Rs 130
Keep a stop at Rs 140 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130
CAIRN INDIA
Current: Rs 257
Target: Rs 252
Keep a stop at Rs 260 and short. Add to the position between Rs 253 and Rs 254. Book profits at Rs 252.
Current: 8,556 (futures: 8,598)
Stop-loss long positions at 8,475. Stop shorts at 8,650. Big swings till 8,400 or 8,700 possible on RBI action. A wide strangle of long 8,400c (40) and long 8,700c(56) could gain on a big move.
BANK NIFTY
Current: 18,525 (futures: 18,644)
The financial index futures could swing between 18,400-18,850, depending on RBI policy. Downturn if RBI doesn't cut rate. Stop-loss long positions at 18,500. Stop shorts at 18,750.
ASIAN PAINTS
Current: Rs 797
Target: Rs 810
Keep a stop at Rs 790 and go long. Add to the position between Rs 803 and Rs 805. Book profits at Rs 810.
JINDAL STEEL
Current: Rs 136
Target: Rs 130
Keep a stop at Rs 140 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130
CAIRN INDIA
Current: Rs 257
Target: Rs 252
Keep a stop at Rs 260 and short. Add to the position between Rs 253 and Rs 254. Book profits at Rs 252.
Target prices, projected movements in terms of next session, unless otherwise stated
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