Current: 7,562 (futures: 7,572)
Target: NA
Stop-long positions at 7,500. Stop-short positions at 7,635. Big moves could go till 7,450, 7,700. A long 7,400p (50), long 7,700c (51) could gain 20-25 on a big swing in any direction.
BANK NIFTY
Current: 15,872 (fut: 15,854)
Target: NA
Stop-loss long positions at 15,770. Stop-short positions at 15,970. Big moves could go till 15,150, 15,550. There's big resistance between 15,950 and 15,970.
INFOSYS
Current price: Rs 1,083
Target price: NA
Stop-long positions at Rs 1,055. Stop-short positions at Rs 1,115. Big moves could go till Rs 1,020, Rs 1,150. The trend looks bearish but Infy has a pattern of very high volatility on results.
LARSEN & TOUBRO
Current price: Rs 1,157
Target price: Rs 1,135
Keep a stop at Rs 1,170 and go short. Add to the position between Rs 1,140 and Rs 1,145. Book profits at Rs 1,135.
ACC
Current price: Rs 1,282
Target price: Rs 1,260
Keep a stop at Rs 1,295 and go short. Add to the position between Rs 1,266 and Rs 1,270. Book profits at Rs 1,260.
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