NIFTY
Current: 5,999 (fut: 6,032);
Target: NA
Downtrend seems firmly established. Stop-loss long positions at 5,975 and stop-loss short positions at 6,085. Breakouts could go till 5,925, or 6,100. A bearspread of long 6,000p (45) and short 5,900p (16) could gain 15-20 if the index drops below 5,950. (All futures prices).
BANK NIFTY
Current: 10,707 (fut: 10,776);
Target: 10,500
Key support at 10,650-10,675. Keep a stop at 10,825 and short. Add to the position between 10,625 and 10,650. Book profits below 10,500. (All futures prices)
SESA STERLITE
Current price: Rs 179;
Target price: Rs 169
Keep a stop at Rs 185 and go short. Add to the position between Rs 175 and Rs 177. Book profits below Rs 169.
DABUR
Current price: Rs 161;
Target price: Rs 165
Keep a stop at Rs 159 and go long. Add to the position between Rs 162 and Rs 164. Book profits above Rs 165.
DLF
Current prcie: Rs 145;
Target price: Rs 140
Keep a stop at Rs 148 and short. Add to the position between Rs 142.5 and Rs 144. Book profits below Rs 140.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
