NIFTY
Current: 8,615 (futures: 8,610)
Target: NA
Stop-loss short positions at 8,670. Stop-long positions at 8,550. Big moves could go till 8,500, 9,720. A long 8,600c (35) and a long 8,600p (25) cost 60 with breakevens at 8,540, 8,660. This could be profitable if newsflow from the Fed triggers a big move.
BANK NIFTY
Current: 19,021 (fut: 19,018)
Target: NA
Stop-long positions at 18,895. Stop-short positions at 19,150. Big moves could go till 19,300, 18,700. Technically, the financial index is bullish but newsflow could influence it.
IDEA CELLULAR
Current price: Rs 106
Target price: Rs 104
Keep a stop at Rs 107.5 and go short. Add to the position between Rs 104.5 and Rs 105. Book profits at Rs 104.
ITC
Current price: Rs 247
Target price: Rs 242
Keep a stop at Rs 250 and go short. Add to the position between Rs 243 and Rs 244. Book profits at Rs 242.
ZEE ENTERTAINMENT
Current price: Rs 488
Target price: Rs 494
Keep a stop at Rs 484 and go long. Add to the position between Rs 492 and Rs 493. Book profits at Rs 494.
Target prices, projected movements in terms of next session, unless otherwise stated
Current: 8,615 (futures: 8,610)
Target: NA
Stop-loss short positions at 8,670. Stop-long positions at 8,550. Big moves could go till 8,500, 9,720. A long 8,600c (35) and a long 8,600p (25) cost 60 with breakevens at 8,540, 8,660. This could be profitable if newsflow from the Fed triggers a big move.
BANK NIFTY
Current: 19,021 (fut: 19,018)
Target: NA
Stop-long positions at 18,895. Stop-short positions at 19,150. Big moves could go till 19,300, 18,700. Technically, the financial index is bullish but newsflow could influence it.
IDEA CELLULAR
Current price: Rs 106
Target price: Rs 104
Keep a stop at Rs 107.5 and go short. Add to the position between Rs 104.5 and Rs 105. Book profits at Rs 104.
ITC
Current price: Rs 247
Target price: Rs 242
Keep a stop at Rs 250 and go short. Add to the position between Rs 243 and Rs 244. Book profits at Rs 242.
ZEE ENTERTAINMENT
Current price: Rs 488
Target price: Rs 494
Keep a stop at Rs 484 and go long. Add to the position between Rs 492 and Rs 493. Book profits at Rs 494.
Target prices, projected movements in terms of next session, unless otherwise stated