NIFTY
Current:7,843 (futures: 7,876 )
Target: NA
Stop-short positions at 7,930. Stop-long positions at 7,790. Big moves could go till 8,000, 7,700. A long 8,000c, (110), short 8,100c (72) costs 38. It could gain 10-15 if the Nifty moves till 7,950.
BANK NIFTY
Current: 17,281 (fut: 17,388)
Target: NA
Stop-short positions at 17,450. Stop-long positions at 17,250. Big moves could go till 17,000, 17,700. A rise seems more likely.
HINDALCO
Current price: Rs 68.20
Target price: Rs 66.5
Keep a stop at Rs 69.25 and go short. Add to the position between Rs 67 and Rs 67.5. Book profits at Rs 66.5.
MAHINDRA & MAHINDRA
Current price: Rs 1,250
Target price: Rs 1,270
Keep a stop at Rs 1,240 and go long. Add to the position between Rs 1,260 and Rs 1,265. Book profits at Rs 1,270.
LIC HOUSING FINANCE
Current price: Rs 450
Target price: Rs 442
Keep a stop at Rs 455 and short. Add to the position between Rs 444 and Rs 446. Book profits at Rs 442.
Current:7,843 (futures: 7,876 )
Target: NA
Stop-short positions at 7,930. Stop-long positions at 7,790. Big moves could go till 8,000, 7,700. A long 8,000c, (110), short 8,100c (72) costs 38. It could gain 10-15 if the Nifty moves till 7,950.
BANK NIFTY
Current: 17,281 (fut: 17,388)
Target: NA
Stop-short positions at 17,450. Stop-long positions at 17,250. Big moves could go till 17,000, 17,700. A rise seems more likely.
HINDALCO
Current price: Rs 68.20
Target price: Rs 66.5
Keep a stop at Rs 69.25 and go short. Add to the position between Rs 67 and Rs 67.5. Book profits at Rs 66.5.
MAHINDRA & MAHINDRA
Current price: Rs 1,250
Target price: Rs 1,270
Keep a stop at Rs 1,240 and go long. Add to the position between Rs 1,260 and Rs 1,265. Book profits at Rs 1,270.
LIC HOUSING FINANCE
Current price: Rs 450
Target price: Rs 442
Keep a stop at Rs 455 and short. Add to the position between Rs 444 and Rs 446. Book profits at Rs 442.
Target prices, projected movements in terms of next session, unless otherwise stated