Current: 7,276 (fut: 7,289)
Target: NA
Stop-loss long positions at 7,225 and stop shorts at 7,350. Big moves could go till 7,150, or 7,400. A strangle of long 7,500c (18) and long 7,100p (18) would double if either side is struck by Friday.
BANK NIFTY
Current: 15,111 (futures: 15,196)
Target: 14,950 (futures: 15,025)
Keep a stop at 15,300 and go short. Add to the position between 15,100 and 15,125. Book profits at 15,025 (All futures prices).
NMDC
Current: Rs 178
Target: Rs 170
Keep a stop at Rs181 and go short. Add to the position between Rs173 and Rs175. Book profits at Rs 170.
WIPRO
Current: Rs 495
Target: Rs 505
Keep a stop at Rs 489 and go long. Add to the position between Rs500 and Rs502. Book profits at Rs 505.
TATA STEEL
Current: Rs 467
Target: Rs 475
Keep a stop at Rs462 and go long. Add to the position between Rs470 and Rs472. Book profits at Rs 475.
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