NIFTY
Current: 8,287 (futures: 8,326)
Target: NA
Stop-long positions at 8,250. Stop-short positions at 8,400. Big moves could go till 8,200, 8,450. A long 8,400c (100), short 8,500c (62) would gain 10-15 if the futures hits 8,400.
BANK NIFTY
Current: 17,935 (futures: 18,008)
Target: NA
Stop-loss long positions at 17,900. Stop-short positions at 18,100. Big moves could go till 18,325, 17,700. If the uptrend continues, a long July 7, 18,200c (54), short July 7, 18,400c (24) could work well.
GRASIM
Current price: Rs 4,665
Target price: Rs 4,590
Keep a stop at Rs 4,700 and go short. Add to the position between Rs 4,610 and Rs 4,620. Book profits at Rs 4,590.
INFOSYS
Current price: Rs 1,170
Target price: Rs 1,187
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,180 and Rs 1,184. Book profits at Rs 1,187.
TATA STEEL
Current price: Rs 322
Target price: Rs 317
Keep a stop at Rs 325 and go short. Add to the position between Rs 318 and Rs 319. Book profits at Rs 317.
Target prices, projected movements in terms of next session, unless otherwise stated
