NIFTY
Current: 6,304 (futures: 6,355);
Target: NA
Stop-loss short positions at 6,400 and stop loss long positions at 6,285. Breakouts or breakdowns could go till 6,450 or 6,250. A bullspread of long 6,400c (78) and short 6,500c (41) costs 37 and it could gain 15 if the futures hits 6,400 level. (All futures prices above)
HCL TECH
Current: Rs 1,262;
Target: Rs 1,285
Keep a stop at Rs 1,250 and go long. Add to the position between Rs 1,271 and Rs 1,280. Book profits above Rs 1,285.
TATA POWER
Current price: Rs 91;
Target price: Rs 95
Keep a stop at Rs 89 and go long. Add to the position between Rs 92.5 and Rs 93.5 Book profits above Rs 95.
IDFC
Current price: Rs 109.6;
Target price: Rs 115
Keep a stop at Rs 107 and go long. Add to the position between Rs 111 and Rs 112.5. Book profits above Rs 115.
APOLLO TYRES
Current price: Rs 107;
Target price: Rs 102.5
Keep a stop at Rs 110 and short. Add to the position between Rs 104 and Rs 105. Book profits below Rs 102.5.
Current: 6,304 (futures: 6,355);
Target: NA
Stop-loss short positions at 6,400 and stop loss long positions at 6,285. Breakouts or breakdowns could go till 6,450 or 6,250. A bullspread of long 6,400c (78) and short 6,500c (41) costs 37 and it could gain 15 if the futures hits 6,400 level. (All futures prices above)
HCL TECH
Current: Rs 1,262;
Target: Rs 1,285
Keep a stop at Rs 1,250 and go long. Add to the position between Rs 1,271 and Rs 1,280. Book profits above Rs 1,285.
TATA POWER
Current price: Rs 91;
Target price: Rs 95
Keep a stop at Rs 89 and go long. Add to the position between Rs 92.5 and Rs 93.5 Book profits above Rs 95.
IDFC
Current price: Rs 109.6;
Target price: Rs 115
Keep a stop at Rs 107 and go long. Add to the position between Rs 111 and Rs 112.5. Book profits above Rs 115.
APOLLO TYRES
Current price: Rs 107;
Target price: Rs 102.5
Keep a stop at Rs 110 and short. Add to the position between Rs 104 and Rs 105. Book profits below Rs 102.5.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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