NIFTY
Current: 8,531 (fut: 8,526)
Target: NA
Stop-loss long positions at 8,475, Stop short positions at 8,580. Short covering could pull the index till 8,600. A long March 8,600c (7) would double if that happened.
BANK NIFTY
Current: 18,310 (futures: 18,298)
Target: 18,475 (futures: 18,475)
Keep a stop at 18,200 and go long. Add to the position between 18,425 and 18,450. Book profits at 18,475.
HCL Tech
Current price: Rs 1,007
Target price: Rs 990
Keep a stop at Rs 1,020 and go short. Add to the position between Rs 995 and Rs 1,000. Book profits at Rs 990.
NMDC
Current price: Rs 124.5
Target price: Rs 122.5
Keep a stop at Rs 125.5 and short. Add to the position between Rs 123 and Rs 123.5. Book profits at Rs 122.5
IDFC
Current price: Rs 165
Target price: Rs 169
Keep a stop at Rs 163.5 and go long. Add to the position between Rs 167 and Rs 168. Book profits at Rs 169.
Current: 8,531 (fut: 8,526)
Target: NA
Stop-loss long positions at 8,475, Stop short positions at 8,580. Short covering could pull the index till 8,600. A long March 8,600c (7) would double if that happened.
BANK NIFTY
Current: 18,310 (futures: 18,298)
Target: 18,475 (futures: 18,475)
Keep a stop at 18,200 and go long. Add to the position between 18,425 and 18,450. Book profits at 18,475.
HCL Tech
Current price: Rs 1,007
Target price: Rs 990
Keep a stop at Rs 1,020 and go short. Add to the position between Rs 995 and Rs 1,000. Book profits at Rs 990.
NMDC
Current price: Rs 124.5
Target price: Rs 122.5
Keep a stop at Rs 125.5 and short. Add to the position between Rs 123 and Rs 123.5. Book profits at Rs 122.5
IDFC
Current price: Rs 165
Target price: Rs 169
Keep a stop at Rs 163.5 and go long. Add to the position between Rs 167 and Rs 168. Book profits at Rs 169.
Target prices, projected movements in terms of next session, unless otherwise stated