NIFTY
Current: 7,738 (futures: 7,787)
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Target: NA
Stop loss short positions at 7,855. Stop long positions at 7,700. Big moves could go till 7,925, 7,650. A bearspread of long 7,700p (98), short 7,600p (69) could gain 10-15 if there is a downtrend till 7,725.
BANK NIFTY
Current: 16,141 (fut: 16,242)
Target: NA
Stop loss short positions at 16,350. Stop long positions at 16,125. Big moves could go till 16,600, 15,900. The uptrend is likely to stay in force but the momentum has slowed.
BHEL
Current price: Rs 114
Target price: Rs 111.5
Keep a stop at Rs 115.5 and short. Add to the position between Rs 112.5 and Rs 113. Book profits at Rs 111.5
TATA POWER
Current price: Rs 65
Target price: Rs 67
Keep a stop at Rs 64 and go long. add to the position between Rs 66 and Rs 66.5. Book profits at Rs 67.
COAL INDIA
Current price: Rs 292
Target price: Rs 287
Keep a stop at Rs 295 and short. Add to the position between Rs 289 and Rs 290. Book profits at Rs 287.
Target prices, projected movements in terms of next session, unless otherwise stated
