NIFTY
Current: 8,565 (futures: 8,585)
Target: NA
Stop-loss short positions at 8,650. Stop-loss long positions at 8,520. Big moves could go till 8,720, 8,455. Uptrend dependent on Bank of England newsflow. A long 8,700c (46), short 8,800c (22) could gain 15-20 if the futures hits 8,655.
BANK NIFTY
Current: 18,864 (fut: 18,890)
Target: NA
Stop-loss long positions at 18,775. Stop-short positions at 19,000. Big moves could go till 18,600, 19,200.
POWERGRID
Current price: Rs 165
Target price: Rs 168
Keep a stop at Rs 163 and go long. Add to the position between Rs 166.5 and Rs 167.5 Book profits at Rs 168.
TCS
Current price: Rs 2,521
Target price: Rs 2,565
Keep a stop at Rs 2,495 and go long. Add to the position between Rs 2,545 and Rs 2,555. Book profits at Rs 2,565.
ONGC
Current price: Rs 230.5
Target price: Rs 225
Keep a stop at Rs 233 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 225.
Target prices, projected movements in terms of next session, unless otherwise stated
