Current: 7,899 (fut: 7,898);
Target: NA
Stop-loss short positions at 7,955. Stop long positions at 7,825. Big moves could go till 8,050 & 7,750. Upmove likely if US central bank does not raise rates. A long 8,100c (39), short 8,200c (19) could double in value if the futures crosses 8,000.
BANK NIFTY
Current: 16,964 (futures: 16,957)
Target: NA
Stop-loss long positions at 16,850. Stop short positions at 17,050. Big moves could go till 16,600 & 17,250. An upmove is likely if the US central bank does not raise rates.
SUN PHARMACEUTICAL
Current price: Rs 887
Target price: Rs 900
Keep a stop at Rs 880 and go long. Add to the position between Rs 890 and Rs 892. Book profits at Rs 900.
INFOSYS
Current: Rs 1,101
Target: Rs 1,120
Keep a stop at Rs 1,090 and go long. Add to the position between Rs 1,110 and Rs 1,115. Book profits at Rs 1,120.
HOUSING DEVELOPMENT FINANCE
Current: Rs 1,196
Target: Rs 1,220
Keep a stop at Rs 1,185 and go long. Add to the position between Rs 1,210 and Rs 1,215. Book profits at Rs 1,220.
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