Nifty
Current: 9,203 (fut: 9,226), Target: NA
Stop-long positions at 9,150.
Stop-short positions at 9,300. Big moves could go till 9,350, 9,100. A long 9,100p (37), long 9,300c (42) could gain 15-20 if the index swings by 100 points.
Bank Nifty
Current: 21,666 (fut: 21,715)
Target: NA
Stop-long positions at 21,600. Stop-short positions at 21,825. Big moves could go till 21,400, 22,050. The financial index could have a downside bias in the short term.
Tata Steel
Current price: Rs 477
Target price: Rs 470
Keep a stop at Rs 482 and go short. Add to the position between Rs 471 and Rs 473. Book profits at Rs 470.
Sun Pharma
Current price: Rs 683
Target price: Rs 695
Keep a stop at Rs 677 and go long. Add to the position Rs 689 and Rs 694. Book profits at Rs 695.
Hindalco
Current price: Rs 193
Target price: Rs 189
Keep a stop at Rs 195 and go
short. Add to the position between Rs 190 and Rs 191. Book profits at Rs 189.
Target prices, projected movements in terms of next session, unless otherwise stated
