NIFTY
Current: 7,475 (futures: 7,447)
Target: NA
Stop-long positions at 7,370. Stop-short positions at 7,550. Big moves could go till 7,300, 7,625. A long 7,600c (64), short 7,700c (36) could gain 10-15 if the move continues past 7,550.
BANK NIFTY
Current: 15,177 (fut: 15,140)
Target: NA
Stop-loss long positions at 15,020. Stop-loss short positions at 15,260. Big moves could go till 15,450, 14,850. Next big resistance at 15,200-15,250, support at 14,975-15,025.
TCS
Current price: Rs 2,373
Target price: Rs 2,415
Keep a stop at Rs 2,350 and go long. Add to the position between Rs 2,400 and Rs 2,410. Book profits at Rs 2,415.
LARSEN & TOUBRO
Current price: Rs 1,207
Target price: Rs 1,280
Keep a stop at Rs 1,220 and go short. Add to the position between Rs 1,285 and Rs 1,290. Book profits at Rs 1,280.
HINDALCO
Current price: Rs 79
Target price: Rs 77
Keep a stop at Rs 80 and go short. Add to the position between Rs 77.50 and Rs 78. Book profits at Rs 77.
Target prices, projected movements in terms of next session, unless otherwise stated
