NIFTY
Current: 8,511 (fut: 8,517)
Target: NA
Stop-loss long positions at 8,420. Stop-short positions at 8,605. A big move could go till 8,450 or 8,650. A long 8,600c (87), short 8,700p (51) could gain 15-20 on an upmove.
BANK NIFTY
Current: 18,798 (futures: 18,806)
Target: NA
Stop-long positions at 18,700. Stop-short positions at 18,925. Big moves could go till 19,050 or 18,500 and an upmove seems more likely.
HPCL
Current: Rs 825
Target: Rs 835
Keep a stop at Rs 817 and go long. Add to the position between Rs 832 and Rs 834. Book profits at Rs 835.
HINDALCO
Current: Rs 107
Target: Rs 105
Keep a stop at Rs 108 and go short. Add to the position between Rs 105.5 and Rs 106. Book profits at Rs 105.
VEDANTA
Current: Rs 159
Target: Rs 156
Keep a stop at Rs 161 and go short. Add to the position between Rs 156.5 and Rs 157.5. Book profits at Rs 156.
Target prices, projected movements in terms of next session, unless otherwise stated
