NIFTY
Current: 6,242 (futures: 6,262);
Target: NA
Stop-loss shorts at 6,300. Stop-loss long positions at 6,185. Breakouts or breakdowns could go till 6,350 or 6,150. A wide strangle of long 6,100p (25) and long 6,400c (22) is roughly zero-delta and it could gain 10-15 if there's a swing of 75-100 points.
BANK NIFTY
Target: 11,750 (futures price)
Keep a stop at 11,050 and go short. Add to the position between 11,850 and 11,825. Book profits at 11,750. (All futures prices above)
HEXAWARE
Current: Rs 143.3;
Target: Rs 147
New 52-week high at Rs 145-146. Keep a stop at Rs 142 and go long. Add to the position between Rs 145 and Rs 146. Book profits above Rs 147.
CAIRN INDIA
Current: Rs 330.5;
Target: Rs 336
Keep a stop at Rs 327 and go long. Add to position between Rs 332 and Rs 334. Book profits above Rs 337.
TATA STEEL
Current: Rs 374.5;
Target: Rs 365
Keep a stop at Rs 380 and go short. Add to the position between Rs 368 and Rs 371. Book profits below Rs 365.
Target prices, projected movements for next session
Current: 6,242 (futures: 6,262);
Target: NA
Stop-loss shorts at 6,300. Stop-loss long positions at 6,185. Breakouts or breakdowns could go till 6,350 or 6,150. A wide strangle of long 6,100p (25) and long 6,400c (22) is roughly zero-delta and it could gain 10-15 if there's a swing of 75-100 points.
BANK NIFTY
Also Read
Current: 11,949; (futures: 11,980)
Target: 11,750 (futures price)
Keep a stop at 11,050 and go short. Add to the position between 11,850 and 11,825. Book profits at 11,750. (All futures prices above)
HEXAWARE
Current: Rs 143.3;
Target: Rs 147
New 52-week high at Rs 145-146. Keep a stop at Rs 142 and go long. Add to the position between Rs 145 and Rs 146. Book profits above Rs 147.
CAIRN INDIA
Current: Rs 330.5;
Target: Rs 336
Keep a stop at Rs 327 and go long. Add to position between Rs 332 and Rs 334. Book profits above Rs 337.
TATA STEEL
Current: Rs 374.5;
Target: Rs 365
Keep a stop at Rs 380 and go short. Add to the position between Rs 368 and Rs 371. Book profits below Rs 365.
Target prices, projected movements for next session
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