NIFTY
Current: 5,448 (futures: 5,449)
Target: NA
Use support at 5,375 or 5,400 as a stop-loss for long positions. The resistance at 5,500 can be a stop-loss for shorts. Breakouts could go till 5,300 or 5,550. A long 5,600c (82) and short 5,700c (50) costs 32 and it could gain 10-15 if the index hits 5,550.
BHEL
Current: Rs 127.25;
Target: Rs 119
Keep a stop at Rs 129 and short. Add to the position between Rs 123 and Rs 125. Book profits below Rs 119. If Rs 129 is broken, the stock could rise till Rs 138.
TCS
Current: Rs 2,069;
Target: Rs 2,100
New high at Rs 2,078-2,079. Keep a stop at Rs 2,050 and go long. Add to position between Rs 2,080, Rs 2,095. Book profits above Rs 2,100.
BANK NIFTY
Current: 8,845 (futures: 8,905)
Target: NA
The index could move till 9,050 on the upside or slide back till 8,450 (all futures prices). It is most likely to range trade with a downwards bias. Keep a stop at 8,975 and short. Add to the position between 8,725 and 8,775. Book profits below 8,650.
RELIANCE INFRA
Current: Rs 335.7;
Target: Rs 349
Keep a stop at Rs 329 and go long. Add to the position between Rs 339 and Rs 342. Book profits above Rs 349.
Current: 5,448 (futures: 5,449)
Target: NA
Use support at 5,375 or 5,400 as a stop-loss for long positions. The resistance at 5,500 can be a stop-loss for shorts. Breakouts could go till 5,300 or 5,550. A long 5,600c (82) and short 5,700c (50) costs 32 and it could gain 10-15 if the index hits 5,550.
BHEL
Current: Rs 127.25;
Target: Rs 119
Keep a stop at Rs 129 and short. Add to the position between Rs 123 and Rs 125. Book profits below Rs 119. If Rs 129 is broken, the stock could rise till Rs 138.
TCS
Current: Rs 2,069;
Target: Rs 2,100
New high at Rs 2,078-2,079. Keep a stop at Rs 2,050 and go long. Add to position between Rs 2,080, Rs 2,095. Book profits above Rs 2,100.
BANK NIFTY
Current: 8,845 (futures: 8,905)
Target: NA
The index could move till 9,050 on the upside or slide back till 8,450 (all futures prices). It is most likely to range trade with a downwards bias. Keep a stop at 8,975 and short. Add to the position between 8,725 and 8,775. Book profits below 8,650.
RELIANCE INFRA
Current: Rs 335.7;
Target: Rs 349
Keep a stop at Rs 329 and go long. Add to the position between Rs 339 and Rs 342. Book profits above Rs 349.
The target prices and projected movements given above are in terms of the next trading session, unless otherwise stated
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