NIFTY
Current: 6,601 (futures: 6,615);
Target: NA
The index could trade within the range of 6,550-6,650 today. Set stops for long positions at 6,550 and stops for shorts at 6,650. A long 6,600c (27) and long 6,600p (14) costs a combined 41 and the long strangle will only breakeven at 6,641, or 6,559.
BANK NIFTY
Current: 12,518 (fut: 12,551);
Target: 12,650 (fut: 12,650)
Keep a stop at 12,500 and go long. Add to the position between 12,575 and 12,600. Book profits at 12,650. (All futures prices above)
IDFC
Current price: Rs 115;
Target price: Rs 120
Keep a stop at Rs 113 and go long. Add to the position between Rs 117 and Rs 119. Book profits above Rs 120.
TCS
Current price: Rs 2,093;
Target price: Rs 2,150
Keep a stop at Rs 2,060 and go long. Add to the position between Rs 2,120 and Rs 2,140. Book profits above Rs 2,150.
L&T
Current price: Rs 1,276;
Target price: Rs 1,300
New high at Rs 1,278-1,279. Keep a stop at Rs 1,250 and go long. Add to the position between Rs 1,280 and Rs 1,290. Book profits at Rs 1,300. If the stock drops below Rs 1,250, it could fall till Rs 1,220.
Current: 6,601 (futures: 6,615);
Target: NA
The index could trade within the range of 6,550-6,650 today. Set stops for long positions at 6,550 and stops for shorts at 6,650. A long 6,600c (27) and long 6,600p (14) costs a combined 41 and the long strangle will only breakeven at 6,641, or 6,559.
BANK NIFTY
Current: 12,518 (fut: 12,551);
Target: 12,650 (fut: 12,650)
Keep a stop at 12,500 and go long. Add to the position between 12,575 and 12,600. Book profits at 12,650. (All futures prices above)
IDFC
Current price: Rs 115;
Target price: Rs 120
Keep a stop at Rs 113 and go long. Add to the position between Rs 117 and Rs 119. Book profits above Rs 120.
TCS
Current price: Rs 2,093;
Target price: Rs 2,150
Keep a stop at Rs 2,060 and go long. Add to the position between Rs 2,120 and Rs 2,140. Book profits above Rs 2,150.
L&T
Current price: Rs 1,276;
Target price: Rs 1,300
New high at Rs 1,278-1,279. Keep a stop at Rs 1,250 and go long. Add to the position between Rs 1,280 and Rs 1,290. Book profits at Rs 1,300. If the stock drops below Rs 1,250, it could fall till Rs 1,220.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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