NIFTY
Current: 7,650 (futures: 7,668)
Target: NA
Stop-loss short positions at 7,730. Stop-long positions at 7,610. Big moves could go till 7,550, 7,800. A long 7,600p (88), short 7,500p (60) could gain 15-20 if 7,550 is hit due to anxiety about the Fed.
BANK NIFTY
Current: 16,351 (fut: 16,388)
Target: NA
Stop-loss short positions at 16,475. Stop-long positions at 16,290. Big moves could go till 16,700, 16,000. Downtrend may persist.
ONGC
Current price: Rs 213
Target price: Rs 209
Keep a stop at Rs 216 and go short. Add to the position between Rs 210 and Rs 211. Book profits at Rs 209.
HINDALCO
Current price: Rs 79
Target price: Rs 77
Keep a stop at Rs 80 and go short. Add to the position between Rs 77.5 and Rs 78. Book profits at Rs 77.
LARSEN & TOUBRO
Current price: Rs 1,275
Target price: Rs 1,293
Keep a stop at Rs 1,263 and go long. Add to the position between Rs 1,285 and Rs 1,290. Book profits at Rs 1,293.
Target prices, projected movements in terms of next session, unless otherwise stated
