Nifty
Current: 7,949 (futures: 7,980)
Target: NA
Stop-loss long positions at 7,910. Stop-loss short positions at 8,060. Big moves could go till 8,100, 7,870. Profit booking on the long weekend may trigger a downturn. A long 7,800p (98), short 7,700p (75) could gain 10-15 if the futures drop below 7,900.
Bank Nifty
Current: 17,216 (fut: 17,319)
Target: NA
Stop-loss long positions at 17,200. Stop-loss short positions at 17425. Big mcves could go till 17,650, 17,000. An uptrend is likely despite chances of profit booking before a long weekend.
HCL Tech
Current price: Rs 982
Target price: Rs 1,000
Keep a stop at Rs 972 and go long. Add to the position between Rs 990 and Rs 994. Book profits at Rs 1,000.
ONGC
Current price: Rs 229
Target price: Rs 224
Keep a stop at Rs 231 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 224.
Idea Cellular
Current price: Rs 149.5
Target price: Rs 146.5
Keep a stop at Rs 151 and go short. Add to the position between Rs 147 and Rs 148. Book profits at Rs 146.5.
Target prices, projected movements in terms of next session, unless otherwise stated
