NIFTY
Current: 8,706 (fut: 8,729)
Target: NA
Stop-long positions at 8,655. Stop-short positions at 8,800. Big moves could go till 8,600, 8,860. A long 8,700p (25), short 8,600p (8) could double if the downtrend tests support at 8,650.
BANK NIFTY
Current: 19,518 (futures: 19,588)
Target: NA
Stop-long positions at 19,475. Stop- short positions at 19,710. Big moves could go till 19,950, 19,250. Key support at 19,475.
BHARTI INFRATEL
Current price: Rs 359
Target price: Rs 354
Keep a stop at Rs 362 and go short. Add to the position between Rs 355 and Rs 356. Book profits at Rs 354.
AMBUJA CEMENTS
Current: Rs 258
Target: Rs 262
Keep a stop at Rs 256 and go long. Add to the position between Rs 260 and Rs 261. Book profits at Rs 262.
TATA POWER
Current: Rs 75
Target: Rs 76.5
Keep a stop at Rs 74 and go long. Add to the position between Rs 76 and Rs 76.25. Book profits at Rs 76.5.
Current: 8,706 (fut: 8,729)
Target: NA
Stop-long positions at 8,655. Stop-short positions at 8,800. Big moves could go till 8,600, 8,860. A long 8,700p (25), short 8,600p (8) could double if the downtrend tests support at 8,650.
BANK NIFTY
Current: 19,518 (futures: 19,588)
Target: NA
Stop-long positions at 19,475. Stop- short positions at 19,710. Big moves could go till 19,950, 19,250. Key support at 19,475.
BHARTI INFRATEL
Current price: Rs 359
Target price: Rs 354
Keep a stop at Rs 362 and go short. Add to the position between Rs 355 and Rs 356. Book profits at Rs 354.
AMBUJA CEMENTS
Current: Rs 258
Target: Rs 262
Keep a stop at Rs 256 and go long. Add to the position between Rs 260 and Rs 261. Book profits at Rs 262.
TATA POWER
Current: Rs 75
Target: Rs 76.5
Keep a stop at Rs 74 and go long. Add to the position between Rs 76 and Rs 76.25. Book profits at Rs 76.5.
Target prices, projected movements in terms of next session, unless otherwise stated