Nifty
Current: 7,613 (futures: 7,644)
Target: NA
Stop-loss short positions at 7,710. Stop-long positions at 7,590. Big moves could go till 7,525, 7,775. A long 7,600p (93) , short 7,500p (62) could gain another 10-15 if the futures drops below 7,600.
Bank Nifty
Current: 16,661 (fut: 16,725)
Target: NA
Stop-long positions at 16,675. Stop-short positions at 16,830. Big moves could go till 16,450, 17,050. The downtrend is likely to continue.
BHEL
Current price: Rs 169
Target price: Rs 165
Keep a stop at Rs 171 and go short. Add to the position between Rs 166 and Rs 167. Book profits at Rs 165.
Ambuja Cements
Current price: Rs 189.5
Target price: Rs 187
Keep a stop at Rs 191 and go short. Add to the position between Rs 187.5 and Rs 188. Book profits at Rs 187.
Dr Reddy's
Current price: Rs 2,995
Target price: Rs 2,950
Keep a stop at Rs 3,025 and go short. Add to the position between Rs 2,960 and Rs 2,970. Book profits at Rs 2,950.
Target prices, projected movements in terms of next session, unless otherwise stated
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