Current: 7,891 (futures: 7,905)
Stop-loss shorts at 7,965. Stop long positions at 7,825. Big moves could go till 7,725 or 8,010.
A strangle of long 8,000c (16) and long 7,800p (16) could double in value on a big swing.
TECH MAHINDRA
Current: Rs 2,235;
Target: Rs 2,260
Keep a stop at Rs 2,220 and go long. Add to the position between Rs 2,245 and Rs 2,255. Book profits at Rs 2,260.
NTPC
Current: Rs 142
Target: Rs 137
Keep a stop at Rs 145 and go short. Add to the position between Rs 138 and Rs 139. Book profits at Rs 137.
DLF
Current: Rs 197
Target: Rs 190
Keep a stop at Rs 200 and short. Add to the position between Rs 193 and Rs 194. Book profits at Rs 190.
MAHINDRA & MAHINDRA
Current: Rs 1,376
Target: Rs 1,400
Keep a stop at Rs 1,360 and go long. Add to the position between Rs 1,385 and Rs 1,390. Book profits at Rs 1,400.
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