NIFTY
Current: 8,342 (fut: 8,467)
Target: NA
Stop-loss short positions at 8,525. Stop-long positions at 8,390. Futures premium should decline to 65-75. Continuing downtrend could test support at spot Nifty 8,300. A long 8,300p (80), short 8,200p (55), could gain 15-20 if the April futures fell to 8,350.
BANK NIFTY
Current: 17,831 (futures: 18,170)
Target: 17,725 (futures: 17,975)
Excessive premium on futures. Keep a stop at 18,300 and short. Add to the position 18,000-18,025.
Book profits at 17,975.
ONGC
Current price: Rs 301
Target price: Rs 296
Keep a stop at Rs 304 and go short. Add to the position between Rs 297 and Rs 298. Book profits at Rs 296.
TATA STEEL
Current price: Rs 316
Target price: Rs 311
Keep a stop at Rs 319 and short. Add to the position between Rs 312 and Rs 313. Book profits at Rs 311.
DLF
Current price: Rs 159
Target price: Rs 155
Keep a stop at Rs 161 and short. Add to the position between Rs 156 and Rs 157. Book profits at Rs 155.
Current: 8,342 (fut: 8,467)
Target: NA
Stop-loss short positions at 8,525. Stop-long positions at 8,390. Futures premium should decline to 65-75. Continuing downtrend could test support at spot Nifty 8,300. A long 8,300p (80), short 8,200p (55), could gain 15-20 if the April futures fell to 8,350.
BANK NIFTY
Current: 17,831 (futures: 18,170)
Target: 17,725 (futures: 17,975)
Excessive premium on futures. Keep a stop at 18,300 and short. Add to the position 18,000-18,025.
Book profits at 17,975.
ONGC
Current price: Rs 301
Target price: Rs 296
Keep a stop at Rs 304 and go short. Add to the position between Rs 297 and Rs 298. Book profits at Rs 296.
TATA STEEL
Current price: Rs 316
Target price: Rs 311
Keep a stop at Rs 319 and short. Add to the position between Rs 312 and Rs 313. Book profits at Rs 311.
DLF
Current price: Rs 159
Target price: Rs 155
Keep a stop at Rs 161 and short. Add to the position between Rs 156 and Rs 157. Book profits at Rs 155.
Target prices, projected movements in terms of next session, unless otherwise stated
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%