NIFTY
Current: 6,970 (fut: 7,016),
Target: NA
Stop-loss short positions at 7,085. Stop-long positions at 6,945. Big moves could go till 7,150, 6,890. A long 6,700p (79), short 6,600p (60) could gain 10-15 if the futures drops below 6,900.
BANK NIFTY
Current: 13,555 (fut: 13,628)
Target: NA
New 21-month low. Stop-loss long positions at 13,500. Stop-short positions at 13,750. Big moves could go till 13,325, 13,930. Downtrend likely to continue.
ONGC
Current price: Rs 216
Target price: Rs 212
Keep a stop at Rs 219 and go short. Add to the position between Rs 213 and Rs 214. Book profits at Rs 212
ACC
Current price: Rs 1,199
Target price: Rs 1,215
Keep a stop at Rs 1,190 and go long. Add to the position between Rs 1,210 Rs 1,212. Book profits at Rs 1,215.
POWERGRID
Current price: Rs 132
Keep a stop at Rs 134 and short. Add to the position between Rs 129 and Rs 130. Book profits at Rs 128.
Target prices, projected movements in terms of next session, unless otherwise stated
