NIFTY
Current: 8,477 (futures: 8,488)
Target: NA
Stop-loss short positions at 8,565. Stop-loss long positions at 8,410. Big moves could go till 8,625, 8,325. A long 8,600c (38), short 8,700c (one per cent) costs 23 and could pay 10-15 if 8,600 is tested.
BANK NIFTY
Current: 18,822 (fut: 18,842)
Target: NA
The Bank Nifty is being driven by the PSU bank segment. Profit-booking in Bank of Baroda, Canara Bank, Bank of India seems likely. Stop-loss short positions at 18,930. Stop-long positions at 18,725. Bog moves could go till 18,575, 19,100.
HINDALCO
Current price: Rs 90.65
Target price: Rs 88
Keep a stop at Rs 92 and go short. Add to the position between Rs 88.5 and Rs 89 . Book profits at Rs 88.
ONGC
Current price: Rs 264
Target price: Rs 259
Keep a stop at Rs 267 and go short. Add to the position between Rs 260 and Rs 261. Book profits at Rs 259.
IDEA
Current price: Rs 163
Target price: Rs 166
Keep a stop at Rs 161 and go long. Add to the position between Rs 164 and Rs 165. Book profits at Rs 166.
Current: 8,477 (futures: 8,488)
Target: NA
Stop-loss short positions at 8,565. Stop-loss long positions at 8,410. Big moves could go till 8,625, 8,325. A long 8,600c (38), short 8,700c (one per cent) costs 23 and could pay 10-15 if 8,600 is tested.
BANK NIFTY
Current: 18,822 (fut: 18,842)
Target: NA
The Bank Nifty is being driven by the PSU bank segment. Profit-booking in Bank of Baroda, Canara Bank, Bank of India seems likely. Stop-loss short positions at 18,930. Stop-long positions at 18,725. Bog moves could go till 18,575, 19,100.
HINDALCO
Current price: Rs 90.65
Target price: Rs 88
Keep a stop at Rs 92 and go short. Add to the position between Rs 88.5 and Rs 89 . Book profits at Rs 88.
ONGC
Current price: Rs 264
Target price: Rs 259
Keep a stop at Rs 267 and go short. Add to the position between Rs 260 and Rs 261. Book profits at Rs 259.
IDEA
Current price: Rs 163
Target price: Rs 166
Keep a stop at Rs 161 and go long. Add to the position between Rs 164 and Rs 165. Book profits at Rs 166.
Target prices, projected movements in terms of next session, unless otherwise stated
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