NIFTY
Current: 7,493 (fut: 7,508)
Target: NA
Stop-loss shorts at 7,565. Stop long positions at 7,445. Big moves could go till 7,375 or 7,630. A straddle of long 7,500p (37) and long 7,500c (43) breaks even at 7,420 or 7,580. (All futures prices )
BANK NIFTY
Current: 15,076 (futures: 15,133)
Target: 14,950 (futures: 14,900)
Keep a stop at 15,220 and go short. Add to the position between 14,975 and 15,000. Book profits at 14,900. (All futures prices )
ONGC
Current: Rs 438
Target: Rs 425
Keep a stop at Rs 443 and short. Add to the position between Rs 428 and Rs 432. Book profits at Rs 425.
TCS
Current: Rs 2,269
Target: Rs 2,300
Keep a stop at Rs 2,250 and go long. Add to the position between Rs 2,280 and Rs 2,290. Book profits at Rs 2,300.
ITC
Current: Rs 315
Target: Rs 324
Keep a stop at Rs 308 and go long. Add to the position between Rs 318 and Rs 321. Book profits at Rs 324.
Target prices, projected movements in terms of next session, unless otherwise stated
