NIFTY
Current: 7,912 (fut: 7,987),
Target: NA
The futures are at high premium, given weak sentiment. Stop-loss shorts at 8,050. Stop-loss long positions at 7,925. Big moves could go till 8,100 or 7,875. A long 7,900p (83) and short 7,800p (52) could gain 10-15 on a big drop.
BANK NIFTY
Current: 15,300 (fut: 15,502)
Target: 15,150 (fut: 15,300)
Keep a stop at 15,575 and short. Add to the position between 15,375 and 15,400. Book profits at 15,300 (All futures prices).
CAIRN
Current price: Rs 304
Target price: Rs 297
Keep a stop at Rs 308 and short. Add to the position between Rs 299 and Rs 300. Book profits at Rs 297.
TCS
Current price: Rs 2,715
Target price: Rs 2,755
Keep a stop at Rs 2,695 and go long. Add to the positio between Rs 2,725 and Rs 2,740. Book profits at Rs 2,755.
TATA STEEL
Current price: Rs 460
Target price: Rs 470
Keep a stop at Rs 455 and go long. Add to the position between Rs 465 and Rs 468. Book profits at Rs 470.
Current: 7,912 (fut: 7,987),
Target: NA
The futures are at high premium, given weak sentiment. Stop-loss shorts at 8,050. Stop-loss long positions at 7,925. Big moves could go till 8,100 or 7,875. A long 7,900p (83) and short 7,800p (52) could gain 10-15 on a big drop.
BANK NIFTY
Current: 15,300 (fut: 15,502)
Target: 15,150 (fut: 15,300)
Keep a stop at 15,575 and short. Add to the position between 15,375 and 15,400. Book profits at 15,300 (All futures prices).
CAIRN
Current price: Rs 304
Target price: Rs 297
Keep a stop at Rs 308 and short. Add to the position between Rs 299 and Rs 300. Book profits at Rs 297.
TCS
Current price: Rs 2,715
Target price: Rs 2,755
Keep a stop at Rs 2,695 and go long. Add to the positio between Rs 2,725 and Rs 2,740. Book profits at Rs 2,755.
TATA STEEL
Current price: Rs 460
Target price: Rs 470
Keep a stop at Rs 455 and go long. Add to the position between Rs 465 and Rs 468. Book profits at Rs 470.
Target prices, projected movements in terms of next session, unless otherwise stated