NIFTY
Current: 7,359 (fut: 7,365),
Target: NA
Stop-loss shorts at 7,425 and stop-long positions at 7,275. Big moves could range between 7,200 and 7,500. A strangle of 7,500c (17) and 7,200p (13) costs 30 and this would double if either end is hit.
BANK NIFTY
Current: 15,176 (futures: 15,184)
Target: 15,000
The index could range trade between 15,000 and 15,350 and it may start with a bearish bias. Keep a stop at 15,285 and short. Add to the position between 15,075 and 15,100. Book profits at 15,000.
COAL INDIA
Current price: Rs 401
Target price: Rs 388
Keep a stop at Rs 410 and short. Add to the position between Rs 390 and Rs 394. Book profits at Rs 388.
MAHINDRA & MAHINDRA
Current price: Rs 1,229
Target price: Rs 1,190
Keep a stop at Rs 1,255 and go short. Add to the position between Rs 1,200 and Rs 1,220. Book profits at Rs 1,190.
DLF
Current price: Rs 204
Target price: Rs 192
Keep a stop at Rs 212 and go short. Add to the position between Rs 194 and Rs 196. Book profits at Rs 192.
Current: 7,359 (fut: 7,365),
Target: NA
Stop-loss shorts at 7,425 and stop-long positions at 7,275. Big moves could range between 7,200 and 7,500. A strangle of 7,500c (17) and 7,200p (13) costs 30 and this would double if either end is hit.
BANK NIFTY
Current: 15,176 (futures: 15,184)
Target: 15,000
The index could range trade between 15,000 and 15,350 and it may start with a bearish bias. Keep a stop at 15,285 and short. Add to the position between 15,075 and 15,100. Book profits at 15,000.
COAL INDIA
Current price: Rs 401
Target price: Rs 388
Keep a stop at Rs 410 and short. Add to the position between Rs 390 and Rs 394. Book profits at Rs 388.
MAHINDRA & MAHINDRA
Current price: Rs 1,229
Target price: Rs 1,190
Keep a stop at Rs 1,255 and go short. Add to the position between Rs 1,200 and Rs 1,220. Book profits at Rs 1,190.
DLF
Current price: Rs 204
Target price: Rs 192
Keep a stop at Rs 212 and go short. Add to the position between Rs 194 and Rs 196. Book profits at Rs 192.
Target prices, projected movements in terms of next session, unless otherwise stated
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