Current: 6,976 (futures: 6,982)
Target: NA
Stop-loss short positions at 7,055. Stop-long positions at 6,900. Big moves could go till 7,100, 6,850. Short covering likely. A long 6,800p (72), long 7,100c (81) is expensive but it covers both trends.
Also Read
Current: 14,028 (fut: 14,015)
Target: NA
Stop-short positions at 14,170. Stop-long positions at 13,900. Big moves could go till 13,700, 14,350. Short covering could lead to a pullback.
ADANI PORTS
Current price: Rs 190
Target price: Rs 194
Keep a stop at Rs 188 and go long. Add to then position between Rs 192 and Rs 193. Book profits at Rs 194.
ITC
Current price: Rs 298
Target price: Rs 303
Keep a stop at Rs 295 and go long. Add to the position between Rs 300 and Rs 301. Book profits at Rs 303.
TCS
Current price: Rs 2,198
Target price: Rs 2,140
Keep a stop at Rs 2,220 and go short. Add to the position between Rs 2,155 and Rs 2,165. Book profits at Rs 2,140.
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