NIFTY
Current: 8,678 (fut: 8,697),
Target: NA
Stop-long positions at 8,600. Stop-short positions at 8,750. Big moves could go till 8,560, 8,800. A long 8,600p (55), short 8,500p (32) could gain 10-15 if 8,600 is hit.
BANK NIFTY
Current: 18,933 (fut: 19,004)
Target: NA
Stop-long positions at 18,820. Stop-short positions at 19,040. Big moves could go till 18,600, 19,250. Trend looks neutral or mildly negative.
IDEA CELLULAR
Current price: Rs 96.95
Target price: Rs 95
Keep a stop at Rs 98 and go short. Add to the position between Rs 95.5 and Rs 96. Book profits at Rs 95.
AMBUJA CEMENTS
Current price: Rs 270.5
Target price: Rs 265
Keep a stop at Rs 272.5 and go short. Add to the position between Rs 266 and Rs 267. Book profits at Rs 265.
Target prices, projected movements in terms of next session, unless otherwise stated
