NIFTY
Current: 6,218 (futures: 6,264);
Target: NA
Stop-loss long positions at 6,200. Stop-loss short positions at 6,325. Breakouts could go till 6,365 or 6,150. A bullspread of long 6,400c (85) and short 6,500c (52) will gain 15-20 if the Nifty moves above 6,350. (all futures prices)
BANK NIFTY
Current: 11,284; (futures: 11,376)
Target: 11,050 (futures: 11,125)
Keep a stop at 11,450 and go short. Add to the position between 11,275 and 11,300. Book profits below 11,125. (All futures values)
RANBAXY
Current: Rs 449;
Target: Rs 439
Keep a stop at Rs 455 and short. Add to the position between Rs 440 and Rs 445; Book profits below Rs 439.
MARUTI
Current: Rs 1,661;
Target: Rs 1,630
Keep a stop at Rs 1,675 and short. Add to the position between Rs 1,645 and Rs 1,655. Book profits at Rs 1,630.
JINDAL STEEL
Current: Rs 268.5;
Target: Rs 281
Keep a stop at Rs 265 and go long. Add to the position between Rs 271 and Rs 274. Book profits at Rs 281.
Current: 6,218 (futures: 6,264);
Target: NA
Stop-loss long positions at 6,200. Stop-loss short positions at 6,325. Breakouts could go till 6,365 or 6,150. A bullspread of long 6,400c (85) and short 6,500c (52) will gain 15-20 if the Nifty moves above 6,350. (all futures prices)
BANK NIFTY
Current: 11,284; (futures: 11,376)
Target: 11,050 (futures: 11,125)
Keep a stop at 11,450 and go short. Add to the position between 11,275 and 11,300. Book profits below 11,125. (All futures values)
RANBAXY
Current: Rs 449;
Target: Rs 439
Keep a stop at Rs 455 and short. Add to the position between Rs 440 and Rs 445; Book profits below Rs 439.
MARUTI
Current: Rs 1,661;
Target: Rs 1,630
Keep a stop at Rs 1,675 and short. Add to the position between Rs 1,645 and Rs 1,655. Book profits at Rs 1,630.
JINDAL STEEL
Current: Rs 268.5;
Target: Rs 281
Keep a stop at Rs 265 and go long. Add to the position between Rs 271 and Rs 274. Book profits at Rs 281.
Target prices, projected movements in terms of next session, unless otherwise stated
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