NIFTY
Current: 8,261 (futures: 8,254)
Target: NA
Stop-loss short positions at 8,310. Stop-long positions at 8,190. Big moves could go till 8,375, 8,125. A long 8200p (49), short 8,100p (26) could gain 10-15 if the futures drops below 8,200.
BANK NIFTY
Current: 17,830 (fut: 17,834)
Target: NA
Stop-loss short positions at 17,930. Stop-long positions at 17,730. Big moves could go till 17,500, 18,100. A downtrend looks a little more likely.
CAIRN
Current price: Rs 154
Target price: Rs 151
Keep a stop at Rs 156 and short. Add to the position between Rs 152 and Rs 153. Book profits at Rs 151.
HINDALCO
Current price: Rs 84.5
Target price: Rs 82
Keep a stop at Rs 86 and go short. Add to the position between Rs 82.5 and Rs 83. Book profits at Rs 82.
TATA POWER
Current price: Rs 71
Target price: Rs 73.5
Keep a stop at Rs 70 and go long. Add to the position between Rs 72 and Rs 73. Book profits at Rs 73.5.
Target prices, projected movements in terms of next session, unless otherwise stated
