NIFTY
Current: 8,530 (fut: 8,538);
Target: NA
Stop-loss short positions at 8,600. Stop-loss long positions at 8,465. Big moves could go to 8,625 or 8,425. A long 8,600c (10) and long 8,500p (20) could double in value if either option is struck before settlement.
BANK NIFTY
Current: 18281.95 (fut: 18,316)
Target: 18,450
Keep a stop at 18,250 and go long. Add to the position between 18,400 and 18,425. Book profits at 18,450.
INFOSYS
Current price: Rs 4,275
Target price: Rs 4,330
Keep a stop at Rs 4,235 and go long. Add to the position between Rs 4,300 and Rs 4,310. Book profits at Rs 4,330.
TATA STEEL
Current price: Rs 477
Target price: Rs 472
Keep a stop at Rs 480 and go short. Add to the position between Rs 473 and Rs 474. Book profits at Rs 472.
POWERGRID
Current price: Rs 142.5
Target price: Rs 146
Keep a stop at Rs 140 and go long. Add to the position between Rs 144 and Rs 145. Book profits at Rs 146.
Current: 8,530 (fut: 8,538);
Target: NA
Stop-loss short positions at 8,600. Stop-loss long positions at 8,465. Big moves could go to 8,625 or 8,425. A long 8,600c (10) and long 8,500p (20) could double in value if either option is struck before settlement.
BANK NIFTY
Current: 18281.95 (fut: 18,316)
Target: 18,450
Keep a stop at 18,250 and go long. Add to the position between 18,400 and 18,425. Book profits at 18,450.
INFOSYS
Current price: Rs 4,275
Target price: Rs 4,330
Keep a stop at Rs 4,235 and go long. Add to the position between Rs 4,300 and Rs 4,310. Book profits at Rs 4,330.
TATA STEEL
Current price: Rs 477
Target price: Rs 472
Keep a stop at Rs 480 and go short. Add to the position between Rs 473 and Rs 474. Book profits at Rs 472.
POWERGRID
Current price: Rs 142.5
Target price: Rs 146
Keep a stop at Rs 140 and go long. Add to the position between Rs 144 and Rs 145. Book profits at Rs 146.
Target prices, projected movements in terms of next session, unless otherwise stated