NIFTY
Current: 6,400 (fut: 6,431);
Target: NA
Stop-loss short positions at 6,485. Stop-loss long positions at 6,365. The trend looks bullish. Breakouts or breakdowns beyond the stops could go till 6,525 or 6,325. A bullspread of long 6,500c (42) and short 6,600c (16) could double if 6,500 is hit. (All futures prices above).
BANK NIFTY
Current: 11,258 (fut: 11,302);
Target: 11,450 (fut: 11,500)
Keep a stop at 11,200 and go long. Add to the position between 11,400 and 11,450. Book profits at 11,500. (All futures prices above)
DLF
Current price: Rs 152;
Target price: Rs 158
Keep a stop at Rs 149 and go long. Add to the position between Rs 154 and Rs 156. Book profits above Rs 158.
BHEL
Current price: Rs 173;
Target price: Rs 180
Keep a stop at Rs 170 and go long. Add to the position between Rs 175 and Rs 177. Book profits at Rs 180.
WIPRO
Current price: Rs 585;
Target price: Rs 575
Keep a stop at Rs 590 and go short. Add to the position between Rs 579 and Rs 584. Book profits below Rs 575.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
