NIFTY
Current: 6,205 (futures: 6,236);
Target: NA
There’s a key resistance at 6,250, if beaten, the index could go till 6,350. On the downside, first support is at 6,150. If that breaks, it could drop till 6,075. A bullspread of long 6,300c (44.5) and short 6,400c (16.5) could gain 15-20 on a breakout above 6,275. (All futures prices)
BANK NIFTY
Current: 10,797 (futures: 10,825)
Target: 10,625
Keep a stop at 10,900 and short. Add to the position between 10,775 and 10,725. Book profits below 10,625. (all futures prices)
DLF
Current price: Rs 166.65;
Target price: Rs 180
Keep a stop at Rs 160 and go long. Add to the position between Rs 168 and Rs 171. Book profits above Rs 180.
Current: 6,205 (futures: 6,236);
Target: NA
There’s a key resistance at 6,250, if beaten, the index could go till 6,350. On the downside, first support is at 6,150. If that breaks, it could drop till 6,075. A bullspread of long 6,300c (44.5) and short 6,400c (16.5) could gain 15-20 on a breakout above 6,275. (All futures prices)
BANK NIFTY
Current: 10,797 (futures: 10,825)
Target: 10,625
Keep a stop at 10,900 and short. Add to the position between 10,775 and 10,725. Book profits below 10,625. (all futures prices)
DLF
Current price: Rs 166.65;
Target price: Rs 180
Keep a stop at Rs 160 and go long. Add to the position between Rs 168 and Rs 171. Book profits above Rs 180.
The target prices and projected movements are in terms of the next session, unless otherwise stated