Current: 7,786 (futures: 7,799)
Target: NA
Stop-loss long positions at 7,720. Stop-short positions at 7,860. A big move could go till 7,650, 7,950. The downtrend could continue. A long 7,500p (127), short 7,400p (102) costs 25. It could gain 15-20 if the futures drops below 7,675.
BANK NIFTY
Current: 16,530 (fut: 16,563)
Target: NA
Stop-loss long positions at 16,425. Stop-short positions at 16,675. Big moves may go till 16,250, 16,850. Short covering could pull Bank Nifty today but the major trend is down.
VEDANTA
Current price: Rs 95
Target price: Rs 93
Keep a stop at Rs 96 and go short. Add to the position between Rs 93.75 and Rs 94.5. Book profits at Rs 93.
COAL INDIA
Current price: Rs 355
Target price: Rs 348
Keep a stop at Rs 359 and go short. Add to the position between Rs 350 and Rs 352. Book profits at Rs 348.
MAHINDRA & MAHINDRA
Current price: Rs 1,177
Target price: Rs 1,125
Keep a stop at Rs 1,205 and go short. Add to the position between Rs 1,140 and Rs 1,150. Book profits at Rs 1,125.
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