Nifty
Current: 6,720 (fut: 6,73750);
Target: NA
Stop-loss shorts at 6,825. Stop loss long positions at 6,675. A long 6,700p (227) and short 6,600p (187) will gain 15-20 if the index loses 50 points.
Bank Nifty
Current: 12,931 (fut: 13,029);
Target: 12,750 (fut: 12,850)
Keep a stop at 13,100 and go short. Add to the position between 12,900 and 12,925. Book profits at 12,850.
Hindalco
Current: Rs 139
Target: Rs 131
Keep a stop at Rs 142 and short. Add to the position between Rs 134 and Rs 136. Book profits at Rs 131. If Rs 142 breaks, it could rise to Rs 146.
ONGC
Current price: Rs 335;
Target price: Rs 350
Keep a stop at Rs 328 and go long. Add to the position between Rs 343 and Rs 346. Book profits at Rs 350. If Rs 328 breaks, the next support is Rs 325.
HDFC
Current price: Rs 886;
Target price: Rs 865
Keep a stop at Rs 895 and go short. Add to the short between Rs 870 and Rs 875. Book profits below Rs 865. If Rs 895 breaks, HDFC could hit Rs 902.
Current: 6,720 (fut: 6,73750);
Target: NA
Stop-loss shorts at 6,825. Stop loss long positions at 6,675. A long 6,700p (227) and short 6,600p (187) will gain 15-20 if the index loses 50 points.
Bank Nifty
Current: 12,931 (fut: 13,029);
Target: 12,750 (fut: 12,850)
Keep a stop at 13,100 and go short. Add to the position between 12,900 and 12,925. Book profits at 12,850.
Hindalco
Current: Rs 139
Target: Rs 131
Keep a stop at Rs 142 and short. Add to the position between Rs 134 and Rs 136. Book profits at Rs 131. If Rs 142 breaks, it could rise to Rs 146.
ONGC
Current price: Rs 335;
Target price: Rs 350
Keep a stop at Rs 328 and go long. Add to the position between Rs 343 and Rs 346. Book profits at Rs 350. If Rs 328 breaks, the next support is Rs 325.
HDFC
Current price: Rs 886;
Target price: Rs 865
Keep a stop at Rs 895 and go short. Add to the short between Rs 870 and Rs 875. Book profits below Rs 865. If Rs 895 breaks, HDFC could hit Rs 902.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated