NIFTY
Current: 7,562 (futures: 7,572)
Target: NA
Stop-long positions at 7,500. Stop-short positions at 7,635. Big moves could go till 7,450, 7,700. A long 7,400p (50), long 7,700c (51) could gain 20-25 on a big swing in any direction.
BANK NIFTY
Current: 15,872 (fut: 15,854)
Target: NA
Stop-loss long positions at 15,770. Stop-short positions at 15,970. Big moves could go till 15,150, 15,550. There's big resistance between 15,950 and 15,970.
INFOSYS
Current price: Rs 1,083
Target price: NA
Stop-long positions at Rs 1,055. Stop-short positions at Rs 1,115. Big moves could go till Rs 1,020, Rs 1,150. The trend looks bearish but Infy has a pattern of very high volatility on results.
LARSEN & TOUBRO
Current price: Rs 1,157
Target price: Rs 1,135
Keep a stop at Rs 1,170 and go short. Add to the position between Rs 1,140 and Rs 1,145. Book profits at Rs 1,135.
ACC
Current price: Rs 1,282
Target price: Rs 1,260
Keep a stop at Rs 1,295 and go short. Add to the position between Rs 1,266 and Rs 1,270. Book profits at Rs 1,260.
Target prices, projected movements in terms of next session, unless otherwise stated
