NIFTY
Current: 7,717 (futures: 7,742 )
Target: NA
Stop-loss short positions at 7,830. Stop-long positions at 7,670. Big moves could go till 7,625, 7,875. A long 7,500p ( 116) short 7,400p (90) would gain 15-20 if the futures hit 7,650.
BANK NIFTY
Current: 16,253 (fut: 16,282)
Target: NA
Stop-loss short positions at 16,400. Stop-long positions at 16,175. Big moves could go till 15,950, 16,650. Major trend is down but a rebound on short covering may happen.
POWERGRID
Current price: Rs 125
Target price: Rs 123
Keep a stop at Rs 126.5 and short. Add to the position between Rs 122.5 and Rs 123.5. Book profits at Rs 122.5.
ONGC
Current price: Rs 225
Target price: Rs 221
Keep a stop at Rs 227. 5 and go short. Add to the position between Rs 222 and Rs 223. Book profits at Rs 221.
IDEA
Current price: Rs 154.5
Target price: Rs 157
Keep a stop at Rs 153 and go long. Add to the position between Rs 156 and Rs 156.5. Book profits at Rs 157.
Target prices, projected movements in terms of next session, unless otherwise stated
