NIFTY
Current: 6,079 (futures: 6,135);
Target: NA
The bearish pattern seems to be confirmed. Stop loss shorts at 6,200 and stop loss long positions at 6,075. Breakouts could go till 6,250 or till 6,000. A bearspread of long 6,000p (45) and short 5,900p (25) costs 20 and it could double on a fall below 6,050. (All futures prices).
BANK NIFTY
Current: 10,758 (fut: 10,842);
Target: 10,525 (futures price)
Keep a stop at 10,950 and go short. Add to the position between 10,625-10,675. Book profits below 10,525. (All futures prices).
TATA STEEL
Current price: Rs 360.8;
Target price: Rs 350
Keep a stop at Rs 365 and short. Add to the position between Rs 355 and Rs 358. Book profits below Rs 350.
HINDALCO
Current price: Rs 111;
Target price: Rs 105
Keep a stop at Rs 113.5 and short. Add to the position between Rs 109 and Rs 110. Book profits below Rs 105.
Current: 6,079 (futures: 6,135);
Target: NA
The bearish pattern seems to be confirmed. Stop loss shorts at 6,200 and stop loss long positions at 6,075. Breakouts could go till 6,250 or till 6,000. A bearspread of long 6,000p (45) and short 5,900p (25) costs 20 and it could double on a fall below 6,050. (All futures prices).
BANK NIFTY
Current: 10,758 (fut: 10,842);
Target: 10,525 (futures price)
Keep a stop at 10,950 and go short. Add to the position between 10,625-10,675. Book profits below 10,525. (All futures prices).
TATA STEEL
Current price: Rs 360.8;
Target price: Rs 350
Keep a stop at Rs 365 and short. Add to the position between Rs 355 and Rs 358. Book profits below Rs 350.
HINDALCO
Current price: Rs 111;
Target price: Rs 105
Keep a stop at Rs 113.5 and short. Add to the position between Rs 109 and Rs 110. Book profits below Rs 105.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%