NIFTY
Current: 7,791 (futures: 7,810)
Target: NA
Stop-loss short positions at 7,880. Stop-long positions at 7,730. Big moves could go till 7,690, 7,920. A long 7,700p (88), short 7,600p (60) could gain 10-15 if 7,700 is hit.
BANK NIFTY
Current: 16,599 (fut: 16,629)
Target: NA
Stop-loss long positions at 16,475. Stop-short positions at 16,725. Big moves could go till 16,900, 16,300. Downtrend may continue-SBI, PNB, BoB and Axis Bank look very weak.
VEDANTA
Current price: Rs 89
Target price: Rs 87
Keep a stop at Rs 90 and go short. Add to the position between Rs 87.5 and Rs 88. Book profits at Rs 87.
BHEL
Current price: Rs 165
Target price: Rs 162
Keep a stop at Rs 166.5 and go short. Add to the position between Rs 163 and Rs 164. Book profits at Rs 162.
TATA MOTORS
Current price: Rs 377
Target price: Rs 370
Keep a stop at Rs 381 and go short. Add to the position between Rs 372 and Rs 374. Book profits at Rs 370.
Target prices, projected movements in terms of next session, unless otherwise stated
