NIFTY
Current: 8,603 (futures: 8,628)
Target: NA
Stop-loss long position at 8,545. Stop-short positions at 8,701. Big moves could go till 8,475 or 8,725. A long 8,700c (37), short 8,800c (14) could gain 10-15 if 8,700 is hit.
BANK NIFTY
Current: 19,033 (futures: 19,090)
Target: 18,050 (futures: 18,050)
Keep a stop at 19,200 and short. Add to the position between 18,875 and 18,900. Book profits at 18,850.
BPCL
Current: Rs 963
Target: Rs 980
Keep a stop at Rs 955 and go long. Add to the position between Rs 970 and Rs 975. Book profits at Rs 980.
BHARTI AIRTEL
Current: Rs 429
Target: Rs 421
Keep a stop at Rs 433 and go short. Add to the position between Rs 424 and Rs 425. Book profits at Rs 421.
INFOSYS
Current: Rs 1,001
Target: NA
Stop-loss long positions at Rs 975. Stop-short positions at Rs 1,025. Current trend is negative. The stock is likely to open with a gap that defines trend. It could move till Rs 900, or Rs 1,100 by Friday.
Target prices, projected movements in terms of next session, unless otherwise stated
