NIFTY
Current: 7,823 (futures: 7,843)
Target: NA
Stop-loss long positions at 7,745. Stop-short positions at 7,910. Big moves could go till 7,950, 7,700. A long 8,100c (65), short 8,200c (40) could gain 10-15 if the futures cross 7,925.
BANK NIFTY
Current: 16,555 (fut: 16,566)
Target: NA
Stop-loss long positions at 16,400.
Stop-short positions at 16,700. Big moves could go till 16,850, 16,250. The rally may continue.
TATA STEEL
Current price: Rs 230
Target price: Rs 225
Keep a stop at Rs 232 and go short. Add to the position between Rs 226 and Rs 227.
Book profits at Rs 225.
HINDALCO
Current price: Rs 77
Target price: Rs 79
Keep a stop at Rs 76 and go long. Add to the position between Rs 78 and Rs 78.5. Book profits at Rs 79.
HDFC
Current price: Rs 1,172
Target price: Rs 1,190
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,180 and Rs 1,185. Book profits at Rs 1,190.
Current: 7,823 (futures: 7,843)
Target: NA
Stop-loss long positions at 7,745. Stop-short positions at 7,910. Big moves could go till 7,950, 7,700. A long 8,100c (65), short 8,200c (40) could gain 10-15 if the futures cross 7,925.
BANK NIFTY
Current: 16,555 (fut: 16,566)
Target: NA
Stop-loss long positions at 16,400.
Stop-short positions at 16,700. Big moves could go till 16,850, 16,250. The rally may continue.
TATA STEEL
Current price: Rs 230
Target price: Rs 225
Keep a stop at Rs 232 and go short. Add to the position between Rs 226 and Rs 227.
Book profits at Rs 225.
HINDALCO
Current price: Rs 77
Target price: Rs 79
Keep a stop at Rs 76 and go long. Add to the position between Rs 78 and Rs 78.5. Book profits at Rs 79.
HDFC
Current price: Rs 1,172
Target price: Rs 1,190
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,180 and Rs 1,185. Book profits at Rs 1,190.
Target prices, projected movements in terms of next session, unless otherwise stated