Nifty
Current: 8,391 (fut: 8,410), Target: NA
Stop loss long positions at 8340. Stop loss shorts at 8500. Big moves could go till 8280, 8550.
A long 8500c (5), short 8400c(38), could gain if the 8500 level is tested.
Bank Nifty
Current: 18,842 (fut: 18,917)
Target: NA
Stop loss long positions at 18820. Stop short positions at 19020. Big moves could go till 19250, 18600 but range-trading seems more likely, with a bullish undertone.
Larsen & Toubro
Current price: Rs 1,393
Target price: Rs 1,370
Keep a stop at 1405 and go short. Add to the position between 1,375-1,380. Book profits at 1,370.
Hindalco
