NIFTY
Current: 7,864 (fut: 7,891),
Target: NA
Stop-short positions at 7,955. Stop-long positions at 7,820. Big moves could go till 7,750, 8,025. A long 7,800p (90), short 7,700p (61) could gain 10-15 if the index dips below 7,800.
BANK NIFTY
Current: 17,110 (fut: 17,130)
Target: NA
Stop-short positions at 17,275. Stop-long positions at 17,065. Big moves could go till 16,850, 17,500. The downtrend is likely to continue.
ONGC
Current price: Rs 230
Target price: Rs 225
Keep a stop at Rs 233 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 225.
HERO MOTOCORP
Current price: Rs 2,618
Target price: Rs 2,570
Keep a stop at Rs 2,645 and go short. Add to the position between Rs 2,580 and Rs 2,590. Book profits at Rs 2,570.
TCS
Current price: Rs 2,351
Target price: Rs 2,380
Keep a stop at Rs 2,330 and go long. Add to the position between Rs 2,365 and Rs 2375. Book profits at Rs 2,380.
Target prices, projected movements in terms of next session, unless otherwise stated
