NIFTY
Current: 8,715 (fut: 8,748),
Target: NA
Stop-loss long positions at 8,675. Stop-short positions at 8,825. Big moves could go till 8,875, 8,625. Support at 8,650-8,675 for futures may be crucial. A long 8,600p (57), short 8,500p (37) could gain 10-15 if the futures falls till 8,650.
BANK NIFTY
Current: 19,790 (fut: 19,911)
Target: NA
Stop-loss long positions at 19,800. Stop-loss short positions at 20,025. Big moves could go till 19,600, 20,200. Support at 19,700 (futures) looks crucial. Trend may be bearish for 2-3 sessions more.
TECH MAHINDRA
Current price: Rs 464
Target price: Rs 457
Keep a stop loss at Rs 469 and go short. Add to the position between Rs 458 and Rs 460. Book profits at Rs 457.
TATA STEEL
Current price: Rs 373
Target price: Rs 367
Keep a stop at Rs 377 and go short. Add to the position between Rs 368 and Rs 369. Book profits at Rs 367.
AMBUJA CEMENTS
Current price: Rs 260
Target price: Rs 266
Keep a stop at Rs 257 and go long. Add to the position between Rs 264 and Rs 265. Book profits at Rs 266.
Target prices, projected movements in terms of next session, unless otherwise stated
