NIFTY
Current: 6,155 (futures: 6,176);
Target: NA
Stop-loss shorts at 6,225 and stop-loss long positions at 6,100. breakouts beyond these points could go till 6,050, 6,265. A bearspread of long 6100p (43) and short 6,000p (20) costs 23 and it could gain about 15 if 6,100 is struck.
BANK NIFTY
Current: 11,373 (fut: 11,417);
Target: 11,125 (fut: 11,200)
Keep a stop at 11,500 and short. Add to the position between 11,350 and 11,375. Book profits at 11,200. (All futures prices).
INFOSYS
Current price: Rs 3,452;
Target price: Rs 3,410
Keep a stop at Rs 3,460 and short. Add to the position between Rs 3,425 and Rs 3,445. Book profits below Rs 3,410. If Rs 3,465 is exceeded,the target could be Rs 3,500.
M&M
Current price: Rs 927;
Target price: Rs 900
Keep a stop at Rs 940 and short. Add to the positio0n between Rs 910 and Rs 920. Book profits below Rs 900.
RELIANCE INDUSTRIES
Current: Rs 845;
Target: Rs 820
Keep a stop at Rs 860 and short. Add top the position between Rs 830 and Rs 840. Book profits below Rs 820.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
