NIFTY
Current: 7,721 (fut: 7,746)
Target: NA
Stop-loss shorts at 7,810. Stop long positions at 7,675. Big moves could go till 7,625 or 7,875. A bearspread of long 7,600p (58) and short 7,500p (36) could double if the nifty drops below 7,675. (All futures prices)
BANK NIFTY
Current: 15,267 (futures: 15,334)
Target: 15,125 (futures: 15,175)
Keep a stop at 15,400 and short. Add to the position between 15,225 and 15,250. Book profits at 15,175. (All futures prices)
CIPLA
Current: Rs 457
Target: Rs 470
Keep a stop at Rs 450 and go long. Add to the position between Rs 463 and Rs 466. Book profits at Rs 470.
NTPC
Current: Rs 145
Target: Rs 140
Keep a stop at Rs 148 and short. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.
HCL TECH
Current: Rs 1,555
Target: Rs 1,525
Keep a stop at Rs 1,575 and go short. Add to the position between Rs 1,535 and Rs 1,545. Book profits at Rs 1,525.
Current: 7,721 (fut: 7,746)
Target: NA
Stop-loss shorts at 7,810. Stop long positions at 7,675. Big moves could go till 7,625 or 7,875. A bearspread of long 7,600p (58) and short 7,500p (36) could double if the nifty drops below 7,675. (All futures prices)
BANK NIFTY
Current: 15,267 (futures: 15,334)
Target: 15,125 (futures: 15,175)
Keep a stop at 15,400 and short. Add to the position between 15,225 and 15,250. Book profits at 15,175. (All futures prices)
CIPLA
Current: Rs 457
Target: Rs 470
Keep a stop at Rs 450 and go long. Add to the position between Rs 463 and Rs 466. Book profits at Rs 470.
NTPC
Current: Rs 145
Target: Rs 140
Keep a stop at Rs 148 and short. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.
HCL TECH
Current: Rs 1,555
Target: Rs 1,525
Keep a stop at Rs 1,575 and go short. Add to the position between Rs 1,535 and Rs 1,545. Book profits at Rs 1,525.
Target prices, projected movements in terms of next session, unless otherwise stated