NIFTY
Current: 8,526 (futures: 8,544
Target: NA
Stop-loss short positions at 8,605. Stop-long positions at 8,445. Big moves could go till 8,650, 8,400. A long 8,400p (57), short 8,500p (34), could gain 10-15 if the index drops below 8,450.
BANK NIFTY
Current: 18,875 (futures: 18,959)
Target: NA
Stop-loss short positions at 18,975. Stop-loss long positions at 18,725. Big moves could go till 18,550, 19,150. A downtrend looks more likely.
BHEL
Current: Rs 272
Target: Rs 277
Keep a stop at Rs 270 and go long. Add to the position between Rs 275 and Rs 276. Book profits at Rs 277.
ONGC
Current: Rs 275
Target: Rs 270
Keep a stop at Rs 278 and short. Add to the position between Rs 272 and Rs 273. Book profits at Rs 270.
TATA MOTORS
Current: Rs 386
Target: Rs 379
Keep a stop at Rs 389 and short. Add to the position between Rs 381 and Rs 382. Book profits at Rs 379.
Target prices, projected movements in terms of next session, unless otherwise stated
