Current: 6,267 (futures: 6,279);
Target: NA
Stop-loss shorts at 6,335 and stop loss long positions at 6,225. Breakouts or breakdowns could go till 6,200 or till 6,365. A strangle of long 6,300c (10) and long 6,250p (10) would work if the index moves outside 6,220, 6,320.
BANK NIFTY
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Target: 11,175 (futures: 11,200)
Keep a stop at 11,430 and go short. Add to the position between 11,275 and 11,300. Book profits at 11,200.
BHEL
Current price: Rs 173;
Target price: Rs 177
Keep a stop at Rs 170.5 and go long. Add to the position between Rs 174 and Rs 175. Book profits above Rs 177.
TATA POWER
Current price: Rs 86;
Target price: Rs 82
Keep a stop at Rs 88 and short. Add to the position between Rs 84 and Rs 85. Book profits below Rs 82.
APOLLO TYRES
Current price: Rs 101 ;
Target price: Rs 105
A new 52-week high at Rs 101. Keep a stop at Rs 99 and go long. Add to the position between Rs 102 and Rs 103. Book profits above Rs 105.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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