NIFTY
Current: 7,556 (fut: 7,559)
Target: NA
Stop long positions at 7,495. Stop short positions at 7630, Big moves could go 7,700, 7,420. Extra volatility may occur. A long 7,400p (69), short 7,300p (47) costs 22 and it could double if 7,475 is hit.
BANK NIFTY
Current: 15,314 (futures: 15,354)
Target: NA
Stop long positions at 15,200, short positions at 15,500. Volatility may occur due to RBI policy review. Big moves could go till 15,750, 14,900. Downtrend likely unless RBI cuts rates.
MARUTI
Current: Rs 3,950
Target: Rs 3,875
Keep a stop at Rs 3,990 and go short. Add to the position between Rs 3,895 -3,910. Book profits at Rs 3,875
ASIAN PAINTS
Current: Rs 887
Target: Rs 900
Keep a stop at Rs 879 and go long. Add to the position between Rs 895-898. Book profits at Rs 900.
COAL INDIA
Current: Rs 329
Target: Rs 324
Keep a stop at Rs 332 and go short. Add to the positin between Rs 325-326. Book profits at Rs 324.
Target prices, projected movements in terms of next session, unless otherwise stated
