NIFTY
Current: 7,532 (futures: 7,537)
Target: NA
Stop-loss short positions at 7,470. Stop-long positions at 7,605. Big moves could go till 7,675, 7,400. Support at 7,450, resistance at 7,575. A long 7,600c (85), short 7,700c (48), could gain 15-20 if the futures hits 7,600.
BANK NIFTY
Current: 15,279 (fut: 15,329)
Target: NA
Stop-long positions at 15,225. Stop-short positions at 15,450. Big moves could go till 15,650, 15,000. Strong resistance at 15,350-15,400.
MARUTI SUZUKI
Current price: Rs 3,576
Target price: Rs 3,630
Keep a stop at Rs 3,560 and go long. Add to the position between Rs 3,615 and Rs 3,630. Book profits at Rs 3,640.
HINDALCO
Current price: Rs 81
Target price: Rs 79
Keep a stop at Rs 82 and go short. Add to the position between Rs 79.5 and Rs 80. Book profits at Rs 79.
TATA STEEL
Current price: Rs 295
Target price: Rs 300
Keep a stop at Rs 293 and go long. Add to the position between Rs 298 and Rs 299. Book profits at Rs 300.
Target prices, projected movements in terms of next session, unless otherwise stated
