NIFTY
Current: 7,276 (fut: 7,292)
Target: NA
Stop-loss shorts at 7,350 and stop long positions at 7,225. Big moves could go till 7,400 or 7,200. A strangle of long 7,400c (24) and long 7,200p (27) would breakeven at 7,149, 7,451 by May 29. (All futures prices)
BANK NIFTY
Current: 15,055 (futures: 15,102)
Target: NA
Trading range may be 15,000-15,300 with possible moves till 14,900, 15,400. Chances of profit booking causing a downtrend is quite high. Stop long positions at 14,975 and shorts at 15,225. (All futures prices)
DLF
Current: Rs 211
Target: Rs 195
Keep a stop at Rs 218 and short. Add to the position between Rs 200 and Rs 205. Book profits at Rs 195.
TATA POWER
Current: Rs 100
Target: Rs 96
Keep a stop at Rs 101 and short. Add to the position between Rs 97 and Rs 98. Book profits at Rs 96.
COAL INDIA
Current: Rs 390
Target: Rs 401
Keep a stop at Rs 383 and go long. Add to the position between Rs 392 and Rs 396. Book profits at Rs 401.
Current: 7,276 (fut: 7,292)
Target: NA
Stop-loss shorts at 7,350 and stop long positions at 7,225. Big moves could go till 7,400 or 7,200. A strangle of long 7,400c (24) and long 7,200p (27) would breakeven at 7,149, 7,451 by May 29. (All futures prices)
BANK NIFTY
Current: 15,055 (futures: 15,102)
Target: NA
Trading range may be 15,000-15,300 with possible moves till 14,900, 15,400. Chances of profit booking causing a downtrend is quite high. Stop long positions at 14,975 and shorts at 15,225. (All futures prices)
DLF
Current: Rs 211
Target: Rs 195
Keep a stop at Rs 218 and short. Add to the position between Rs 200 and Rs 205. Book profits at Rs 195.
TATA POWER
Current: Rs 100
Target: Rs 96
Keep a stop at Rs 101 and short. Add to the position between Rs 97 and Rs 98. Book profits at Rs 96.
COAL INDIA
Current: Rs 390
Target: Rs 401
Keep a stop at Rs 383 and go long. Add to the position between Rs 392 and Rs 396. Book profits at Rs 401.
Target prices, projected movements in terms of next session, unless otherwise stated
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