NIFTY
Current: 8,517 (futures: 8,547
Target: NA
Stop-long positions at 8,470. Stop-short positions at 8,620. Big moves could go till 8,675 or 8,400. A long 8,400p (63), short 8,300p (40) costs 23 and it could gain 10-15 on a downtrend below 8,450.
BANK NIFTY
Current: 18,972 (futures: 19,059)
Target: NA
Stop-long positions at 18,950. Stop-short positions at 19,205. Big moves could go till 19,275 or 18,875. Downtrend looks more likely.
TATA STEEL
Current: Rs 256
Target: Rs 252
Keep a stop at Rs 259 and short. Add to the position between Rs 253 and Rs 254. book profits at Rs 252.
ONGC
Current: Rs 266
Target: Rs 262
Keep a stop at Rs 269 and short. Add to the position between Rs 263 and Rs 264 Book profits at Rs 262.
IDEA
Current: Rs 164
Target: Rs 161
Keep a stop at Rs 166 and go short. Add to the position between Rs 161.5 and Rs 162.5. Book profits at Rs 161.
Target prices, projected movements in terms of next session, unless otherwise stated
