NIFTY
Current: 6,796 (futures: 6,812);
Target: NA
Stop-loss short positions at 6,855 and stop-loss long positions at 6,775. Breakouts could go till 6,910 or 6,700. A bearspread of long 6,800p (61) and short 6700p (29) costs 32. It could gain 20-25 if the index falls 50 points. (All futures prices)
BANK NIFTY
Current: 12,949 (fut: 12,950);
Target: 13,100
Keep a stop-loss at 12,900 and go long. Add to the position between 13,025 and 13,050. Book profits at 13,100. If 12,900 is broken, the index could correct till 12,800 so be prepared to go short. (All futures prices)
TATA MOTORS
Current price: Rs 431;
Target price: Rs 440
Keep a stop at Rs 425 and go long. Add to the position between Rs 435 and Rs 436. Book profits at Rs 440.
INFOSYS
Current price: Rs 3,201;
Target price: Rs 3,135
Keep a stop at Rs 3,240 and go short. Add to the position between Rs 3,165 and Rs 3,175. Book profits at Rs 3,135.
CAIRN
Current price: Rs 360;
Target price: Rs 369
Keep a stop at Rs 355 and go long. Add to the position between Rs 362 and Rs 365. Book profits at Rs 369.
Current: 6,796 (futures: 6,812);
Target: NA
Stop-loss short positions at 6,855 and stop-loss long positions at 6,775. Breakouts could go till 6,910 or 6,700. A bearspread of long 6,800p (61) and short 6700p (29) costs 32. It could gain 20-25 if the index falls 50 points. (All futures prices)
BANK NIFTY
Current: 12,949 (fut: 12,950);
Target: 13,100
Keep a stop-loss at 12,900 and go long. Add to the position between 13,025 and 13,050. Book profits at 13,100. If 12,900 is broken, the index could correct till 12,800 so be prepared to go short. (All futures prices)
TATA MOTORS
Current price: Rs 431;
Target price: Rs 440
Keep a stop at Rs 425 and go long. Add to the position between Rs 435 and Rs 436. Book profits at Rs 440.
INFOSYS
Current price: Rs 3,201;
Target price: Rs 3,135
Keep a stop at Rs 3,240 and go short. Add to the position between Rs 3,165 and Rs 3,175. Book profits at Rs 3,135.
CAIRN
Current price: Rs 360;
Target price: Rs 369
Keep a stop at Rs 355 and go long. Add to the position between Rs 362 and Rs 365. Book profits at Rs 369.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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