NIFTY
Stop loss long positions at 7,190. Stop loss short positions at 7,310. Big moves could go till 7,370, 7,130. New 20-month low established. But long 7,300c (97), short 7,400c (59) could gain 10-15 if short covering triggers a rally till 7,310.
BANK NIFTY
Current: 14,588 (futures: 14,650)
Target: NA
Stop loss long positions at 14,550. Stop short positions at 14,750. Big moves could go till 14,900, 14,400. Short covering could cause a rally though major trend remains down.
HINDALCO
Current: Rs 67
Target: Rs 69
Keep a stop at Rs 66 and go long. Add to the position between Rs 68 and Rs 68.5. Book profits at Rs 69.
BHEL
Current: Rs 128
Target: Rs 130.5
Keep a stop at Rs 126.5 and go long. Add to the position between Rs 129 and Rs 130. Book profits at Rs 130.5.
IDEA CELLULAR
Current: Rs 100
Target: Rs 102
Keep a stop at Rs 99 and go long,. Add to the position between Rs 101 and Rs 101.5. Book profits at Rs 102.
Target prices, projected movements in terms of next session, unless otherwise stated; Nifty and Nifty Bank prices are for futures, rest for cash segment
