Nifty
Current: 8,525 (fut: 8,545) Target: NA
Stop-loss short positions at 8,625. Stop-long positions at 8,470. Big moves could go till 8,675, 8,400. A long 8,600c (68), short 8,700c (34) costs 34. It could gain 15-20 if 8,600 is hit.
Bank Nifty
Current: 20,200 (futures: 20,275)
Target: NA
Stop-short positions at 20,400. Stop-long positions at 20,150. Big moves could go till 19,900, 20,625. Pullback to test support at 20,000 is likely.
HDFC
Current price: Rs1,324
Target price: Rs 13,00
Keep a stop at Rs 1,340 and go short. Add to the position between Rs 1,305 and Rs 1,310. Book profits at Rs 1,300.
Hindalco
Current: Rs 175
Target: Rs 179
Keep a stop at Rs 173 and go long. Add to the position between Rs 177 and Rs 178. Book profits at Rs 179.
Asian Paints
Current: Rs 1,011
Target: Rs 980
Keep a stop at Rs 1,020 and go short.
Add to the position between Rs 985 and Rs 990. Book profits at Rs 980.
Target prices, projected movements in terms of next session, unless otherwise stated
Target prices, projected movements in terms of next session, unless otherwise stated
