Current: 7,879 (futures: 7,895)
Target: NA
Stop loss shorts at 7,955. Stop long position s at 7,835. Big moves could go till 7,775 or 8,025. A long 7,800p (33) and long 8,000c (26) will gain on a big swing.
BANK NIFTY
Current: 16,217 (futures: 16,264)
Target: 16,050 (futures: 16,100)
Keep a stop at 16,350 and short. Add to the position between 16,125 and 16,150. Book profits at 16,100.
JINDAL STEEL & POWER
Current: Rs 135
Target: Rs 130
Keep a stop at Rs 137 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130.
ZEE ENTERTAINMENT
Current: Rs 330
Target: Rs 337
Keep a stop at Rs 326 and go long. Add to the position between Rs 335 and Rs 336. Book profits
at Rs 337.
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