Nifty
Current 10703 (fut: 10736, Target: NA)
Stop long positions at 10,650. Stop short positions at 10,800. Big moves could go till 10,600, 10,850. The index went up on short-covering with a very adverse advance-decline ratio.
Nifty Bank
Current: 26,956 (fut: 26743) Target NA. Stop long positions at 26,650. Stop short positions at 26,850. Big moves could go till 27,025, 26,450. The rally was largely short-covering and the financial index may open low, given discount to underlying.
Tech Mahindra
Current price: Rs 712
Target price: Rs 725
Keep a stop at Rs 705 and go long. Add to the position between Rs 720 and Rs 722. Book profits at Rs 725.
Hindustan Unilever
Current price: Rs 1,611
Target price: Rs 1,590
Keep a stop at Rs 1,625 and go short. Add to the position between Rs 1,595 and Rs 1,600. Book profits at Rs 1,590.
Tata Motors
Current price: Rs 283
Target price: Rs 278
Keep a stop at Rs 286 and go short. Add to the position between Rs 279 and Rs 280. Book profits at Rs 278.
Target prices, projected movements in terms of next session, unless otherwise stated
