NIFTY
Current: 8,368 (fut: 8,382)
Target: NA
Stop-loss long positions at 8,295. Stop-short positions at 8,450. Big moves could go till 8,500, 8,200 with direction dependent on newsflow. A long 8,200p (87) short 8,100p (65) may double on a dip below 8,250.
BANK NIFTY
Current: 18,275 (futures: 18,280)
Target: NA
Stop-loss long positions at 18,150. Stop-short positions at 18,400. The Bank Nifty could move between 17,950 and 18,550.
TATA STEEL
Current: Rs 305
Target: Rs 298
Keep a stop at Rs 310 and short. Add to the position between Rs 300 and Rs 301. Book profits at Rs 298.
IDEA CELLULAR
Current: Rs 176
Target: Rs 180
Keep a stop at Rs 174 and go long. Add to the position between Rs 178 and Rs 179. Book profits at Rs 180.
TCS
Current: Rs 2,551
Target: Rs 2,500
Keep a stop at Rs 2,580 and short. Add to the position between Rs 2510 and Rs 2,520. Book profits at Rs 2,500.
Target prices, projected movements in terms of next session, unless otherwise stated
