Nifty
Current: 9,139 (fut: 9,166) Target: NA
Stop-loss long positions at 9,100. Stop-short positions at 9,225. Big moves could go till 9,000, 9,300. A long 9000p (22), long 9,300c (18) could gain 10-15 if the futures swings by 75 points in either direction.
Bank Nifty
Current: 21,647 (futures: 21,708)
Target: NA
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Stop-long positions at 21,600. Stop-short positions at 21,810. Big moves could go till 22,025, 21,350. Small bias in favour of a continuing correction.
NTPC
Current price: Rs 159
Target price: Rs 156
Keep a stop at Rs 161 and go short. Add to the position between Rs 157 and Rs 158.
Book profits at Rs 156.
TCS
Current price: Rs 2,315 Target price: NA
Stop-long positions at Rs 2,285. Stop-short positions at Rs 2,345. Big moves could go till Rs 2,225, Rs 2,400. The market consensus seems negative but better than expected results could change the sentiment.
Grasim
Current price: Rs 1,072
Target price: Rs 1,090
Keep a stop at Rs 1,060 and go long.
Add to the position between Rs 1,883 and Rs 1,087. Book profits at Rs 1,090.
Target prices, projected movements in terms of next session, unless otherwise stated
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