NIFTY
Current: 6,512 (fut: 6,551);
Target: NA
Stop-loss shorts at 6,600. Stop-loss long positions at 6,475. Breakouts or breakdowns could go till 6,650 or 6,425. A bearspread of long 6,500p (59) and short 6,400p (33) costs 26 and it could double if index falls below 6,450. (All futures prices above)
BANK NIFTY
Current: 12,043 (fut: 12,135);
Target: 11,800 (fut: 11,850)
Keep a stop at 12,300 and go short. Add to the position between 11,975 and 12,000. Book profits below 11,850. (All futures prices above)
TATA POWER
Current price: Rs 82;
Target price: Rs 85
Keep a stop at Rs 81 and go long. Add to the position between Rs 83.5 and Rs 84.5. Book profits above Rs 85.
HINDALCO
Current price: Rs 117.5;
Target price: Rs 114
Keep a stop at Rs 119 and short. Add to the position between Rs 115 and Rs 116. Book
profits at Rs 114.
BPCL
Current price: Rs 415;
Target price: Rs 400
Keep a stop at Rs 422 and go short. Add to the position between Rs 405 and Rs 410. Book profits at Rs 400.
Current: 6,512 (fut: 6,551);
Target: NA
Stop-loss shorts at 6,600. Stop-loss long positions at 6,475. Breakouts or breakdowns could go till 6,650 or 6,425. A bearspread of long 6,500p (59) and short 6,400p (33) costs 26 and it could double if index falls below 6,450. (All futures prices above)
BANK NIFTY
Current: 12,043 (fut: 12,135);
Target: 11,800 (fut: 11,850)
Keep a stop at 12,300 and go short. Add to the position between 11,975 and 12,000. Book profits below 11,850. (All futures prices above)
TATA POWER
Current price: Rs 82;
Target price: Rs 85
Keep a stop at Rs 81 and go long. Add to the position between Rs 83.5 and Rs 84.5. Book profits above Rs 85.
HINDALCO
Current price: Rs 117.5;
Target price: Rs 114
Keep a stop at Rs 119 and short. Add to the position between Rs 115 and Rs 116. Book
profits at Rs 114.
BPCL
Current price: Rs 415;
Target price: Rs 400
Keep a stop at Rs 422 and go short. Add to the position between Rs 405 and Rs 410. Book profits at Rs 400.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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