NIFTY
Current: 8,520 (fut: 8,530)
Target: NA
Stop-loss long positions at 8,480. Stop-short positions at 8,580. Big moves could go till 8,400, 8,660. A long 8,500p (69), short 8,400p (39) could gain 15-20 if the futures falls below 8,480.
BANK NIFTY
Current: 19,070 (futures: 19,105)
Target: NA
Stop-loss long positions at 18,980. Stop-loss short positions at 19,225. Big moves could be till 19,450, 18,750. Bearish bias could continue.
TECH MAHINDRA
Current price: Rs 409
Target price: Rs 400
Keep a stop at Rs 413 and go short. Add to the position between Rs 403 and Rs 405. Book profits at Rs 400.
HINDALCO
Current: Rs 150.5
Target: Rs 147.5
Keep a stop at Rs 152 and go short. Add to the position between Rs 148 and Rs 149. Book profits at Rs 147.5.
NTPC
Current: Rs 147.5
Target: Rs 151
Keep a stop at Rs 146 and go long. Add to the position between Rs 149 and Rs 150. Book profits at Rs 151.
Target prices, projected movements in terms of next session, unless otherwise stated
