NIFTY
Current: 7,727 (fut: 7,732),
Target: NA
Stop-loss short positions at 7,805. Stop-loss long positions at 7,660. Big moves could go till 7,860, 7,600. A long 7,600p (31), short 7,500p (16) could double if the downtrend continues till 7,650.
BANK NIFTY
Current: 16812 (fut: 16810)
Target: NA
Stop-loss short positions at 16,930. Stop-long positions at 16,675. Big moves could go till 16,500, 17,100. If downtrend continues, the long 16,500p ( 122) could hit 200 if 16,600 is struck.
HINDALCO
Current price: Rs 76.5
Target price: Rs 74.5
Keep a stop at Rs 78 and go short. Add to the position between Rs 75 and Rs 76. Book profits at Rs 74.5.
BHEL
Current price: Rs 175
Target price: Rs 172
Keep a stop at Rs 177 and go short. Add to the position between Rs 173 and Rs 174. Book profits at Rs 172.
HCL TECH
Current price: Rs 846
Target price: Rs 830
Keep a stop at Rs 857 and go short. Add to the position between Rs 834 and Rs 838. Book profits at Rs 830.
Target prices, projected movements in terms of next session, unless otherwise stated
