NIFTY
Current: 6,308 (fut: 6,356)
Target: NA
The index may range-trade inside 6,275-6,415 for another couple of sessions. Stop loss shorts at 6,400. Stop loss long positions at 6,300. Breakouts/ breakdowns could go till 6,250 or 6,450. A strangle of long 6,200p (30) and long 6,500c (27) could gain 15 if the index swings 75 points. (All futures prices).
BANKNIFTY
Target:(fut: 11,750)
A late surge has led to very high premium on the futures to spot. Keep a stop at 12,025 and short. Add to the position between 11,875-11,900. Book profits below 11,750. (All futures prices).
COAL INDIA
Current price: Rs 289
Target price: Rs 280
Keep a stop at 294 and short. Add to the position between 284-286. Book profits at 280.
IDEA CELLULAR
Current price: Rs 172.4
Target price: Rs 165
Keep a stop at 175 and go short. Add to the position between 166-168. Book profits below 165.
TATA MOTORS
Current price: Rs 378
Target price: Rs 387
Keep a stop at 376 and go long. Add to the position between 382-385. Book profits above 387.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
Current: 6,308 (fut: 6,356)
Target: NA
The index may range-trade inside 6,275-6,415 for another couple of sessions. Stop loss shorts at 6,400. Stop loss long positions at 6,300. Breakouts/ breakdowns could go till 6,250 or 6,450. A strangle of long 6,200p (30) and long 6,500c (27) could gain 15 if the index swings 75 points. (All futures prices).
BANKNIFTY
Also Read
Current: 11,784 (fut: 11,950)
Target:(fut: 11,750)
A late surge has led to very high premium on the futures to spot. Keep a stop at 12,025 and short. Add to the position between 11,875-11,900. Book profits below 11,750. (All futures prices).
COAL INDIA
Current price: Rs 289
Target price: Rs 280
Keep a stop at 294 and short. Add to the position between 284-286. Book profits at 280.
IDEA CELLULAR
Current price: Rs 172.4
Target price: Rs 165
Keep a stop at 175 and go short. Add to the position between 166-168. Book profits below 165.
TATA MOTORS
Current price: Rs 378
Target price: Rs 387
Keep a stop at 376 and go long. Add to the position between 382-385. Book profits above 387.
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%