NIFTY
Current: 6,221 (futures: 6,255);
Target: NA
The short-term trend may have reversed and turned bearish. Stop loss long positions at 6,200 and stop loss shorts at 6,315. A bearspread of long 6,200p (84) and short 6,100p (53) could gain 15 if the index futures drops below 6,200. (All futures prices above)
BANK NIFTY
Current: 11,183 (futures: 11,239);
Target: 10,975 (futures: 11,050)
Keep a stop at 11,300 and short. Add to the position between 11,175 and 11,200. Book profits below 11,050. (All futures prices above)
POWER TRADING CORP
Current price: Rs 61.5;
Target price: Rs 58
Keep a stop at Rs 63 and short. Add to the position between Rs 59.5 and Rs 60.25. Book profits below Rs 58.
LARSEN & TOUBRO
Current price: Rs 1,036;
Target price: Rs 990
Keep a stop at Rs 1,060 and short. Add to the position between Rs 1,000 and Rs 1,010. Book profits below Rs 990.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
