Nifty
Current: 10,155 (fut: 10,181)
Target: NA
Stop-long positions at 10,110. Stop-short positions at 10,250. Big moves could go till 10,300, 10,050. A long 10,100p (52), short 10,000p (30) could gain 15-20 if the index drops below 10,120.
Bank Nifty
Current: 24,255 (fut: 24,340)
Target: NA
Stop-long positions at 24,225. Stop-short positions at 24,450. Big moves could go till 24,000, 24,700. Trend still looks to be negative. Short-covering could hit resistance at 24,500-24,525.
NTPC
Current price: Rs 170
Target price: Rs 174
Keep a stop at Rs 168 and go long. Add to the position
Current: 10,155 (fut: 10,181)
Target: NA
Stop-long positions at 10,110. Stop-short positions at 10,250. Big moves could go till 10,300, 10,050. A long 10,100p (52), short 10,000p (30) could gain 15-20 if the index drops below 10,120.
Bank Nifty
Current: 24,255 (fut: 24,340)
Target: NA
Stop-long positions at 24,225. Stop-short positions at 24,450. Big moves could go till 24,000, 24,700. Trend still looks to be negative. Short-covering could hit resistance at 24,500-24,525.
NTPC
Current price: Rs 170
Target price: Rs 174
Keep a stop at Rs 168 and go long. Add to the position
