Nifty
Current: 7,929 (fut: 7,959)
Target: NA
Stop-loss long positions at 7,880. Stop-loss short positions at 8,030. Big moves could go till 8,085, 7,830. A long 7,800p (18), long 8,100c (18) has breakevens at 7,764, 8,136.
Bank Nifty
Also Read
Current: 18,446 (fut: 18,492)
Target: NA
Stop-loss long positions at 18,375. Stop-short positions at 18,600. Big moves could go till 18,850, 18,150.
Hindalco
Current price: Rs 157
Target price: Rs 160
Keep a stop at Rs 155 and go long. Add to the position between Rs 158 and Rs 159. Book profits at Rs 160.
Ambuja Cements
Current: Rs 194
Target: Rs 190
Keep a stop at Rs 196 and go short. Add to the position between Rs 191 and Rs 192. Book profits at Rs 190.
NTPC
Current: Rs 155
Target: Rs 151
Keep a stop at Rs 157 and go short. Add
to the position between Rs 152 and Rs 153. Book profits at Rs 151.
Target prices, projected movements in terms of next session, unless otherwise stated