NIFTY
Current: 7,350 (fut: 7,372),
Target: NA
Stop-long positions at 7,290. Stop-short positions at 7,455. Big moves could go till 7,500, 7,240. A long 7200p (38), long 7,500c (38) could gain 15-20 if the futures swings 100 points in either direction.
BANK NIFTY
Current: 15,021 (fut: 15,049)
Target: NA
Stop-long positions at 14,940. Stop-short positions at 15,160. Big moves could go till 15,350, 14,750. Downtrend may continue. Short-covering could run into resistance at 15,150-15,200.
IDEA CELLULAR
Current price: Rs 111.5
Target price: Rs 113.5
Keep a stop at Rs 110 and go long. Add to the position between Rs 112 and Rs 113. Book profits at Rs 113.5.
ONGC
Current price: Rs 214
Target price: Rs 211
Keep a stop at Rs 217 and go short. Add to the position between Rs 211.5 and Rs 212. Book profits at Rs 211.
BHEL
Current price: Rs 141.5
Target price: Rs 138
Keep a stop at Rs 143 and go short. Add to the position between Rs 139 and Rs 140. Book profits at Rs 138.
Current: 7,350 (fut: 7,372),
Target: NA
Stop-long positions at 7,290. Stop-short positions at 7,455. Big moves could go till 7,500, 7,240. A long 7200p (38), long 7,500c (38) could gain 15-20 if the futures swings 100 points in either direction.
BANK NIFTY
Current: 15,021 (fut: 15,049)
Target: NA
Stop-long positions at 14,940. Stop-short positions at 15,160. Big moves could go till 15,350, 14,750. Downtrend may continue. Short-covering could run into resistance at 15,150-15,200.
IDEA CELLULAR
Current price: Rs 111.5
Target price: Rs 113.5
Keep a stop at Rs 110 and go long. Add to the position between Rs 112 and Rs 113. Book profits at Rs 113.5.
ONGC
Current price: Rs 214
Target price: Rs 211
Keep a stop at Rs 217 and go short. Add to the position between Rs 211.5 and Rs 212. Book profits at Rs 211.
BHEL
Current price: Rs 141.5
Target price: Rs 138
Keep a stop at Rs 143 and go short. Add to the position between Rs 139 and Rs 140. Book profits at Rs 138.
Target prices, projected movements in terms of next session, unless otherwise stated
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