Current: 7,277 (futures: 7,297)
Target: NA
Stop-long positions at 7,220. Stop-short positions at 7,380. Big moves could go till 7,430, 7,170. A long 7,400c (32), short 7,500c (12) could double if short-covering pushes the index up above 7,350.
BANK NIFTY
Current: 15,101(fut: 15,125)
Target: NA
Stop-short positions at 15,225. Stop-long positions at 15,000. Big moves could go till 15,450, 14,800. The financial index looks stronger than the Nifty.
HIND UNILEVER
Current price: Rs 775
Target price: Rs 790
Keep a stop at Rs 768 and go short. Add to the position between Rs 785 and Rs 788. Book profits at Rs 790.
CIPLA
Current price: Rs 580
Target price: Rs 590
Keep a stop at Rs 575 and go long. Add to the position between Rs 585 and Rs 587. Book profits at Rs 590.
ACC
Current price: Rs 1,228
Target price: Rs 1,205
Keep a stop at Rs 1,240 and go short. Add to the position between Rs 1,212 and Rs 1,216. Book profits at Rs 1,205.
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