NIFTY
Current: 7,387 (fut: 7,380)
Target: NA
Stop long positions at 7,330. Stop short positions at 7,430. Big moves could go till 7,250, 7,510. A long 7300p (88), short 7200p (58) could gain 10-15 if 7,300 is hit.
BANK NIFTY
Current: 15,047 (futures: 14,975)
Target: NA
Stop loss short positions at 15,075. Stop long positions at 14,875. Big moves could go till 15,300, 14,675. Downtrend may continue. Key support is at 14,750-14,800.
ONGC
Current: Rs 214
Target: Rs 210
Keep a stop at Rs 216.5 and go short. Add to the position between Rs 211 and Rs 212. Book profits at Rs 210
POWER GRID
Current: Rs 142.5
Target: Rs 139.5
Keep a stop at Rs 144 and go short. Add to the position between Rs 140 and Rs 141. Book profits at Rs 139.5.
TATA MOTORS
Current: Rs 323.5
Target: Rs 318
Keep a stop at Rs 327 and go short. Add to the position between Rs 319 and Rs 320. Book profits at Rs 318
Target prices, projected movements in terms of next session, unless otherwise stated; Nifty and Nifty Bank prices are for futures, rest for cash segment
