Nifty
Current: 8,497 (fut: 8,508),
Target: NA
Stop-long positions at 8,445. Stop-short positions at 8,565. Big moves could go till 8,630, 8,370. A long 8,700c(44), long 8,300p (59) has breakevens at approximately 8,805, 8,195. This could be a two-session sell since next two sessions will be very volatile and news driven.
Bank Nifty
Current: 19,356 (fut: 19,374)
Target: NA
Stop-long positions at 19,250. Stop-short position at 19,500. Big moves could go till 19,775, 18,975. Next two sessions would be very volatile and news driven.
Coal India
Current price: Rs 319
Target price: Rs 314
Keep a stop at Rs 322 and go short. Add to the position between Rs 315 and Rs 316. Book profits at Rs 314.
TCS
Current price: Rs 2,277
Target price: Rs 2,235
Keep a stop at Rs 2,300 and go long. Add to the position between Rs 2,240 and Rs 2,245. Book profits at 2,235.
BHEL
Current price: Rs 139
Target price: Rs 144
Keep a stop at Rs 137 and go long. Add to the position between Rs 142 and Rs 143. Book profits at Rs 144.
Target prices, projected movements in terms of next session, unless otherwise stated
