NIFTY
Current: 6,221 (fut: 6,235);
Target: NA
Stop-loss shorts at 6,300 and stop-loss long positions at 6,165. Breakdowns or breakouts could go till 6,125 or 6,335. Given the bearish short-term trend, a long 6,100p (44) and short 6,000p (25) could double in value if the index drops till 6,150.
BANK NIFTY
Current: 10,652 (fut: 10,640);
Target: 10,450 (fut: 10,475)
Keep a stop at 10,700 and short. Add to the position between 10,550 and 10,575. Book profits at 10,475. (All futures prices above).
M&M
Current price: Rs 952;
Target price: Rs 920
Keep a stop at Rs 975 and short. Add to the position between Rs 930 and Rs 940. Book profits below Rs 920.
HCL TECH
Current price: Rs 1,505;
Target price: Rs 1,540
Keep a stop at Rs 1,490 and go long. Add to the position between Rs 1,515 and Rs 1,530. Book profits above Rs 1,540.
DLF
Current price: Rs 139;
Target price: Rs 135
Keep a stop at Rs 141 and go short. Add to the position between Rs 136 and Rs 137.5. Book profits below Rs 135.
Current: 6,221 (fut: 6,235);
Target: NA
Stop-loss shorts at 6,300 and stop-loss long positions at 6,165. Breakdowns or breakouts could go till 6,125 or 6,335. Given the bearish short-term trend, a long 6,100p (44) and short 6,000p (25) could double in value if the index drops till 6,150.
BANK NIFTY
Current: 10,652 (fut: 10,640);
Target: 10,450 (fut: 10,475)
Keep a stop at 10,700 and short. Add to the position between 10,550 and 10,575. Book profits at 10,475. (All futures prices above).
M&M
Current price: Rs 952;
Target price: Rs 920
Keep a stop at Rs 975 and short. Add to the position between Rs 930 and Rs 940. Book profits below Rs 920.
HCL TECH
Current price: Rs 1,505;
Target price: Rs 1,540
Keep a stop at Rs 1,490 and go long. Add to the position between Rs 1,515 and Rs 1,530. Book profits above Rs 1,540.
DLF
Current price: Rs 139;
Target price: Rs 135
Keep a stop at Rs 141 and go short. Add to the position between Rs 136 and Rs 137.5. Book profits below Rs 135.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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