Nifty
Current: 8,801 (fut: 8,815) Target: NA
Stop-long positions at 8,750. Stop-short positions at 8,880. Big moves could go till 8,950, 8,675. A long 8,900c (49), short 9,000c (22) could gain 15-20 if the 8,900 mark is hit.
Bank Nifty
Current: 20,371 (futures: 20,427)
Target: NA
Stop-long positions at 20,300. Stop-short positions at 20,550. Big moves could
go till 20,750, 20,075. Uptrend remains
in force.
Ambuja Cements
Current price: Rs 240
Target price: Rs 245
Keep a stop at Rs 237 and go long. Add to the position between Rs 243 and Rs 244. Book profits at Rs 245.
Dr Reddy's Lab
Current: Rs 3,097
Target: Rs 3,045
Keep a stop at Rs 3,130 and go short. Add
to the position between Rs 3,050 and Rs 3,065. Book profits at Rs 3,045.
Tata Power
Current: Rs 82
Target: Rs 84
Keep a stop at Rs 81 and go long. Add
to the position between Rs 83.5 and Rs 83.75. Book profits at Rs 84.
Target prices, projected movements in terms of next session, unless otherwise stated
