NIFTY
Current: 8,361 (futures: 8,373
Target: NA
Stop-loss long positions at 8,290. Stop- short positions at 8,455. A long 8,300p (25), short 8,200p (10) costs 15, It could gain 15-20 if 8,300 is struck.
BANK NIFTY
Current: 18,213 (futures: 18,251)
Target: NA
Stop-loss long positions at 18,150. Stop-short positions at 18,400. A big move could go till 17,950, 18,575. The trend seems bearish.
HINDALCO
Current: Rs 104
Target: Rs 101
Keep a stop at Rs 106 and short. Add to the position between Rs 102 and Rs 103. Book profits at Rs 101.
TATA STEEL
Current: Rs 251
Target: Rs 245
Keep a stop at Rs 255 and short. Add to the position between Rs 247 and Rs 248. Book profits at Rs 245.
NMDC
Current: Rs 111
Target: Rs 107
Keep a stop at Rs 113 and short. Add to the position between Rs 108 and Rs 109. Book profits at Rs 107.
Target prices, projected movements in terms of next session, unless otherwise stated
