Nifty
Current: 8,590 (futures: 8,585)
Target: NA
Stop-loss long positions at 8,530. Stop-short positions at 8,650. Big moves could go till 8,470, 8,710. A long 8500p (16), short 8,400p (6) is close to expiry but it could produce a big return if 8,500 is hit.
Bank Nifty
Current: 18,860 (fut: 18,860)
Target: NA
Stop-loss long positions at 18,750.Stop-loss short positions at 18,975. Big moves could go till 19,150, 18,550. Trend could be bearish.
Dr Reddy's Labs
Current price: Rs 3,320
Target price: Rs 3,260
Keep a stop at Rs 3,355 and go short. Add to the position between Rs 3,270 and Rs 3,285. Book profits at Rs 3,260.
Eicher Motor
Current price: Rs 20,112
Target price: Rs 20,020
Keep a stop at Rs 20,200 and go short. Add to the position between Rs 20,040 and Rs 20,060. Book profits at Rs 20,020.
Maruti Suzuki
Current price: Rs 4,471
Target price: Rs 4,530
Keep a stop at Rs 4,430 and go long. Add to the position between Rs 4,505 and Rs 4,520. Book profits at Rs 4,530.
Target prices, projected movements in terms of next session, unless otherwise stated
