Current: 6,817 (futures: 6,827)
Target: NA
Stop-loss short positions at 6,865 and stop-loss long positions at 6,750. Breakouts and breakdowns could go till 6,700 or 6,900. A strangle of long 6,900c (6) and long 6,700p (3) could triple if the market sees a big move. (All futures prices)
BANK NIFTY
Current: 12,959 (futures: 12,988)
Target: 12,750
Keep a stop at 13,050 and short. Add to the position between 12,825 and 12,850. Book profits at 12,750. (All futures prices above).
HDFC BANK
Current: Rs 716
Target: Rs 685
Keep a stop at Rs 730 and go short. Add to the position between Rs 690 and Rs 700. Book profits at Rs 685.
HCL TECH
Current: Rs 1,440
Target: Rs 1,470
Keep a stop at Rs 1,425 and go long. Add to the position between Rs 1,445 and Rs 1,455. Book profits above Rs 1,470.
L&T
Current: Rs 1,323
Target: Rs 1,365
Keep a stop at Rs 1,300 and go long. Add to the position between Rs 1,335 and Rs 1,350. Book profits above Rs 1,365.
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