NIFTY
Current: 8,551 (fut: 8,605),
Target: NA
Stop-loss short positions at 8,675. Stop-long positions at 8,525. Big moves could go till 8,750, 8,450. A long 8,800c (37), long 8,400p (45) could gain 15-20, if the market sees a big move.
BANK NIFTY
Current: 18,572 (fut: 18,755)
Target: NA
Stop-long positions at 18,625. Stop-short positions at 18,875. Big moves could go till 19,100, 18,350. May be an upside bias.
LUPIN
Current price: Rs 1,657
Target price: Rs 1,630
Keep a stop at Rs 1670 and go short. Add to the position between Rs 1,635 and Rs 1,640. Book profits at Rs 1,630.
TATA STEEL
Current price: Rs 374
Target price: Rs 379
Keep a stop at Rs 371 and go long. Add to the position between Rs 377 and Rs 378. Book profits at Rs 379.
NTPC
Current price: Rs 159
Target price: Rs 162.5
Keep a stop at Rs 157.5 and go long. Add to the position between Rs 161 and Rs 161.5. Book profits at Rs 162.5.
Target prices, projected movements in terms of next session, unless otherwise stated
