NIFTY
Current: 7,809 (futures: 7,806)
Target: NA
Stop-long positions at 7,720. Stop-short positions at 7,880. A big move could go till 7,675, or 7,925. High volatility is likely. A long 7,800p (125), two short 7,700p (97x2) and long 7,600p (78) costs 9. This butterfly spread has a maximum return of 91 at 7,700, and yields profits if the Nifty moves between 7,609 and 7,791.
BANK NIFTY
Target: NA
Stop-loss short positions at 16,850. Stop-long positions at 16,550. The negative carry implies a further downside and the futures could slide till 16,350-16,400.
TCS
Current price: Rs 2,578
Target price: Rs 2,625
Current: 7,809 (futures: 7,806)
Target: NA
Stop-long positions at 7,720. Stop-short positions at 7,880. A big move could go till 7,675, or 7,925. High volatility is likely. A long 7,800p (125), two short 7,700p (97x2) and long 7,600p (78) costs 9. This butterfly spread has a maximum return of 91 at 7,700, and yields profits if the Nifty moves between 7,609 and 7,791.
BANK NIFTY
Also Read
Current: 16,812 (fut: 16,761)
Target: NA
Stop-loss short positions at 16,850. Stop-long positions at 16,550. The negative carry implies a further downside and the futures could slide till 16,350-16,400.
TCS
Current price: Rs 2,578
Target price: Rs 2,625
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2605 and Rs 2,615. Book profits at Rs 2,625.
TATA POWER
Current price: Rs 62
Target price: Rs 60
Keep a stop at Rs 63.5 and go short. Add to the position between Rs 60.5 and Rs 61. Book profits at Rs 60.
GAIL
Current price: Rs 273
Target price: Rs 268
Keep a stop at Rs 276 and go short. Add to the position between Rs 269 and Rs 270. Book profits at Rs 268.
Target prices, projected movements in terms of next session, unless otherwise stated
TATA POWER
Current price: Rs 62
Target price: Rs 60
Keep a stop at Rs 63.5 and go short. Add to the position between Rs 60.5 and Rs 61. Book profits at Rs 60.
GAIL
Current price: Rs 273
Target price: Rs 268
Keep a stop at Rs 276 and go short. Add to the position between Rs 269 and Rs 270. Book profits at Rs 268.
Target prices, projected movements in terms of next session, unless otherwise stated
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