Current: 6,346 (fut: 6,360);
Target: NA
Stop-loss long positions at 6,290 and stop-loss shorts at 6,410. Breakouts/ breakdowns could go till 6,450 or 6,250. Given a bullish undertone, a bullspread of long 6,350c (54) and short 6,450c (15) could gain 10-15 if the index crosses 6,420.
BANK NIFTY
Current: 11,199 (fut: 11,199);
Target: 11,325 (fut: 11,325)
Keep a stop at 11,150 and go long. Add to the position between 11,225 and 11,250. Book profits above 11,325. (All futures prices)
L&T
Current price: Rs 1,033;
Target price: Rs 1,055
Keep a stop at Rs 1,020 and go long. Add to the position between Rs 1,043 and Rs 1,050. Book profits at Rs 1,055.
INFOSYS
Current price: Rs 3,793;
Target price: Rs 3,825
Keep a stop at Rs 3,765 and go long. Add to the position between Rs 3,810 and Rs 3,820. Book profits above Rs 3,825.
M&M
Current: Rs 890;
Target: Rs 870
Keep a stop at Rs 900 and go short. Add to the position between Rs 875 and Rs 885. Book profits at Rs 870.
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