Current: 7,783 (futures: 7,778)
Target: NA
Stop-long positions at 7,720. Stop-short positions at 7,855. Big moves could go till 7,650, 7,920. A long 7,700p (43), short 7,600p (21) could gain 10-15 if the 7,700 level is hit.
BANK NIFTY
Current: 16,565 (fut: 16,559)
Target: NA
Stop-long positions at 16,450. Stop-short positions at 16,670. Bog moves could go till 16,850, 16,200. Downtrend may continue.
ADANI PORTS
Current price: Rs 171.5
Target price: Rs 168
Keep a stop at Rs 173 and go short. Add to the position between Rs 169 and Rs 170. Book profits at Rs 168.
HINDALCO
Current price: Rs 87
Target price: Rs 84.5
Keep a stop at Rs 88 and go short. Add to the position between Rs 85 and Rs 86. Book profits below Rs 84.5.
BHARTI AIRTEL
Current price: Rs 345
Target price: Rs 350
Keep a stop at Rs 342 and go long. Add to the position between Rs 348 and Rs 349. Book profits at Rs 350.
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