Current: 8,127 (futures: 8,150)
Target: NA
Down trend established. Stop long positions at 8,075. Stop short positions at 8,230. A long 8,000p (81), short 7,900p (57) costs 24 and it would double if 8,000 is struck.
BANK NIFTY
Current: 18,430 (futures: 18,482)
Target: 18,200 (futures: 18,275)
Keep a stop at 18,600 and go short. Add to the position between 18,300 and 18,325. Book profits at 18,275
ONGC
Current price: Rs 333
Target price: Rs 326
Keep a stop at Rs 337 and go short. Add to the position between Rs 327 and Rs 328. Book profits at Rs 326.
SESA STERLITE
Current price: Rs 209
Target price: Rs 202
Keep a stop at Rs 214 and go short. Add to the position between Rs 204 and Rs 205. Book profits
at Rs 202
RELIANCE INDUSTRIES
Current price: Rs 836
Target price: Rs 850
Keep a stop at Rs 828 and go long. Add to the position between Rs 844 and Rs 846. Book profits at Rs 850.
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