NIFTY
Current: 8,375 (futures: 8,378
Target: NA
Stop-long positions at 8,300. Stop-short positions at 8,450. A big swing could go till 8,250 or 8,500. A long July 8,400c (25), short 8,450c (8) costs 17, with breakeven at 8,417 and it could gain a maximum of 33.
BANK NIFTY
Current: 18,323 (fut: 18,329)
Target: NA
Stop-loss long positions at 18.225. Stop-short positions at 18,435. Big moves could go till 18,125 or 18,550. Sentiment seems positive but the US FOMC meeting will be key.
TATA POWER
Current: Rs 68
Target: Rs 66
Keep a stop at Rs 70 and go short. Add to the position between Rs 66.5 and Rs 67. Book profits at Rs 66.
GAIL
Current: Rs 347
Target: Rs 342
Keep a stop at Rs 350 and short. Add to the position between Rs 344 and Rs 345. Book profits at Rs 342.
TATA STEEL
Current: Rs 250
Target: Rs 255
Keep a stop at Rs 248 and go long. Add to the position between Rs 253 and Rs 254. Book profits at Rs 255.
Target prices, projected movements in terms of next session, unless otherwise stated
