NIFTY
Current: 8,568 (futures: 8,593
Target: NA
Stop-loss short positions at 8,655. Stop-long positions at 8,520. Big moves could go till 8,725, 8,475. A long 8700c (60),
short 8,800c (31) could gain 10-15 if 8,700 is struck.
BANK NIFTY
Current: 18,928 (futures: 19,016)
Target: NA
Stop-loss short positions at 19,150. Stop-long positions at 18,900. A big swing could go till 19,275,or 18,800. Financials look likely to correct some more.
ZEEL
Current: Rs 414.5
Target: Rs 420
Keep a stop at Rs 410 and go long. Add to the position between Rs 418 and Rs 419. Book profits at Rs 420.
HINDALCO
Current: Rs 108
Target: Rs 105.5
Keep a stop at Rs 109.5 and short. Add to the position between Rs 106 and Rs 107. Book profits at Rs 105.5
ASIAN PAINTS
Current: Rs 923
Target: Rs 935
Keep a stop at Rs 915 and go long. Add to the position between Rs 930 and Rs 932. Book profits at Rs 935.
Target prices, projected movements in terms of next session, unless otherwise stated
