NIFTY
Current: 6,493 (fut: 6,520);
Target: NA
Stop-loss short positions at 6,600. Stop-loss long positions at 6,440. Breakouts or breakdowns could go till 6,625 or 6,425. A bearspread of long 6,500p (63) and short 6,400p (32) costs 31 and it could rise by 15-20 if the index falls below 6,450. (All futures prices above)
HDFC BANK
Current: Rs 741;
Target: Rs 715
Keep a stop at Rs 749 and go short. Add to the position between Rs 730 and Rs 737. Book profits below Rs 715.
DLF
Current price: Rs 168;
Target price: Rs 159
Keep a stop at Rs 749 and go short. Add to the position between Rs 730 and Rs 737. Book profits below Rs 715.
M&M
Current price: Rs 1,016;
Target price: Rs 1,055
Keep a stop at Rs 995 and go long. Add to the position between Rs 1,020 and Rs 1,030. Book profits above Rs 1,055.
INFOSYS
Current price: Rs 3,357;
Target price: Rs 3,250
Keep a stop at Rs 3,400 and go short. Add to the position between Rs 3,300 and Rs 3,330. Book profits below Rs 3,250.
Current: 6,493 (fut: 6,520);
Target: NA
Stop-loss short positions at 6,600. Stop-loss long positions at 6,440. Breakouts or breakdowns could go till 6,625 or 6,425. A bearspread of long 6,500p (63) and short 6,400p (32) costs 31 and it could rise by 15-20 if the index falls below 6,450. (All futures prices above)
HDFC BANK
Current: Rs 741;
Target: Rs 715
Keep a stop at Rs 749 and go short. Add to the position between Rs 730 and Rs 737. Book profits below Rs 715.
DLF
Current price: Rs 168;
Target price: Rs 159
Keep a stop at Rs 749 and go short. Add to the position between Rs 730 and Rs 737. Book profits below Rs 715.
M&M
Current price: Rs 1,016;
Target price: Rs 1,055
Keep a stop at Rs 995 and go long. Add to the position between Rs 1,020 and Rs 1,030. Book profits above Rs 1,055.
INFOSYS
Current price: Rs 3,357;
Target price: Rs 3,250
Keep a stop at Rs 3,400 and go short. Add to the position between Rs 3,300 and Rs 3,330. Book profits below Rs 3,250.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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