NIFTY
Current: 6,127 (fut: 6,131);
Target: NA
Stop-loss shorts at 6,175 and stop loss long positions at 6,075. Breakouts or breakdowns could go till 6,225 or 6,025. A bullspread of long 6,200c (19) and short 6,300c (4) could double if the index hits 6,175.
BANK NIFTY
Current: 10,575 (fut: 10,566);
Target: 10,375 (fut: 10,400)
Backwardation could imply a bout of profit-taking after a sharp climb. Keep a stop at 10,650 and short. Add to the position between 10,475 and 10,500. Book profits below 10,400. If 10,650 is broken, the index could climb till 10,750. (All futures prices above)
HDFC
Current price: Rs 804;
Target price: Rs 830
Keep a stop at Rs 789 and go long. Add to the position between Rs 810 and Rs 820. Book profits above Rs 830.
MARUTI
Current price: Rs 1,708;
Target price: Rs 1,670
Keep a stop at Rs 1,725 and short. Add to the position between Rs 1,685 and Rs 1,700. Book profits below Rs 1,670.
HCL TECH
Current price: Rs 1,487;
Target price: Rs 1,515
Keep a stop at Rs 1,470 and go long. Add to the position between Rs 1,495 and Rs 1,505. Book profits above Rs 1,515.
Current: 6,127 (fut: 6,131);
Target: NA
Stop-loss shorts at 6,175 and stop loss long positions at 6,075. Breakouts or breakdowns could go till 6,225 or 6,025. A bullspread of long 6,200c (19) and short 6,300c (4) could double if the index hits 6,175.
BANK NIFTY
Current: 10,575 (fut: 10,566);
Target: 10,375 (fut: 10,400)
Backwardation could imply a bout of profit-taking after a sharp climb. Keep a stop at 10,650 and short. Add to the position between 10,475 and 10,500. Book profits below 10,400. If 10,650 is broken, the index could climb till 10,750. (All futures prices above)
HDFC
Current price: Rs 804;
Target price: Rs 830
Keep a stop at Rs 789 and go long. Add to the position between Rs 810 and Rs 820. Book profits above Rs 830.
MARUTI
Current price: Rs 1,708;
Target price: Rs 1,670
Keep a stop at Rs 1,725 and short. Add to the position between Rs 1,685 and Rs 1,700. Book profits below Rs 1,670.
HCL TECH
Current price: Rs 1,487;
Target price: Rs 1,515
Keep a stop at Rs 1,470 and go long. Add to the position between Rs 1,495 and Rs 1,505. Book profits above Rs 1,515.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated