NIFTY
Current: 7,829 (futures: 7,829)
Target: NA
Stop-loss long positions at 7,770. Stop-short positions at 7,880. Big moves could go till 7,700, 7,950. A long 7,700p (95), short 7,600p (69) costs 25. It could gain 10-15 if the futures drop till 7,750 during the FOMC meet.
BANK NIFTY
Current: 16,724 (fut: 16,752)
Target: NA
Stop-loss long positions at 16,600.
Stop-short positions at 16,875. Big moves could go till 16,400, 17,050. A downtrend is a little more likely.
SUN PHARMA
Current price: Rs 867
Target price: Rs 880
Keep a stop at Rs 859 and go long. Add to the position between Rs 874 and Rs 878. Book profits at Rs 880.
TATA STEEL
Current price: Rs 229
Target price: Rs 224
Keep a stop at Rs 232 and short. Add to the position between Rs 225 and Rs 226. Book profits at Rs 224.
VEDANTA
Current price: Rs 96.7
Target price: Rs 94.5
Keep a stop at Rs 99 and go short. Add to the position between Rs 95 and Rs 96. Book profits at Rs 94.5.
Current: 7,829 (futures: 7,829)
Target: NA
Stop-loss long positions at 7,770. Stop-short positions at 7,880. Big moves could go till 7,700, 7,950. A long 7,700p (95), short 7,600p (69) costs 25. It could gain 10-15 if the futures drop till 7,750 during the FOMC meet.
BANK NIFTY
Current: 16,724 (fut: 16,752)
Target: NA
Stop-loss long positions at 16,600.
Stop-short positions at 16,875. Big moves could go till 16,400, 17,050. A downtrend is a little more likely.
SUN PHARMA
Current price: Rs 867
Target price: Rs 880
Keep a stop at Rs 859 and go long. Add to the position between Rs 874 and Rs 878. Book profits at Rs 880.
TATA STEEL
Current price: Rs 229
Target price: Rs 224
Keep a stop at Rs 232 and short. Add to the position between Rs 225 and Rs 226. Book profits at Rs 224.
VEDANTA
Current price: Rs 96.7
Target price: Rs 94.5
Keep a stop at Rs 99 and go short. Add to the position between Rs 95 and Rs 96. Book profits at Rs 94.5.
Target prices, projected movements in terms of next session, unless otherwise stated