Current: 8,426 (futures: 8,454)
Stop shorts at 8,500. Stop long positions at 8,390. Big swings could go till 8,550 or 8,350. A long 8,400p (35) and short 8,300p (15) could double on a big sell-off.
BANK NIFTY
Current: 17,699 (futures: 17,751)
Target: 17,500 (futures: 17,550)
Keep a stop at 17,825 and short. Add to the position between 17,600 and 17,625. Book profits at 17,550.
CIPLA
Current: Rs 608
Target: Rs 625
Keep a stop at Rs 600 and go long. Add to the position between Rs 615 and Rs 620. Book profits at Rs 625.
ULTRATECH
Current: Rs 2,530
Target: Rs 2,475
Keep a stop at Rs 2,560 and short. Add to the position between Rs 2,490 and Rs 2,500. Book profits at Rs 2,475.
L&T
Current: Rs 1,645
Target: Rs 1,605
Keep a stop at Rs 1,665 and short. Add to the position between Rs 1,615 and Rs 1,525. Book profits at Rs 1,605.
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