NIFTY
Current:7,795 (futures: 7,825)
Target: NA
Stop-loss short positions at 7,905. Stop-long positions at 7,755. Excess volatility likely - big moves could go till 7,975, or 7,675. There are positive expectations of a rate cut. A long 8,000c, (103), short 8,100c (68) costs 35 and it could gain 10-15 if there is a move till 7,950.
BANK NIFTY
Current: 17,100 (fut: 17,186)
Target: NA
Stop-loss short positions at 17,300. Stop-long positions at 17,100. Excess volatility likely - big moves could go till 17,600 or 16,800. A minimum 25 basis point rate could send the Bank Nifty up till 17,500.
HDFC
Current price: Rs 1,172
Target price: Rs 1,190
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,183 and Rs 1,185. Book profits at Rs 1,190.
LUPIN
Current price: Rs 2,034
Target price: Rs 2,065
Keep a stop at Rs 2,015 and go long. Add to the position between Rs 2,045 and Rs 2,055. book profits at Rs 2,065.
COAL INDIA
Current price: Rs 309
Target price: Rs 303
Keep a stop at Rs 312 and go short. Add to the position between Rs 305 and Rs 306. Book profits at Rs 303.
Current:7,795 (futures: 7,825)
Target: NA
Stop-loss short positions at 7,905. Stop-long positions at 7,755. Excess volatility likely - big moves could go till 7,975, or 7,675. There are positive expectations of a rate cut. A long 8,000c, (103), short 8,100c (68) costs 35 and it could gain 10-15 if there is a move till 7,950.
BANK NIFTY
Current: 17,100 (fut: 17,186)
Target: NA
Stop-loss short positions at 17,300. Stop-long positions at 17,100. Excess volatility likely - big moves could go till 17,600 or 16,800. A minimum 25 basis point rate could send the Bank Nifty up till 17,500.
HDFC
Current price: Rs 1,172
Target price: Rs 1,190
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,183 and Rs 1,185. Book profits at Rs 1,190.
LUPIN
Current price: Rs 2,034
Target price: Rs 2,065
Keep a stop at Rs 2,015 and go long. Add to the position between Rs 2,045 and Rs 2,055. book profits at Rs 2,065.
COAL INDIA
Current price: Rs 309
Target price: Rs 303
Keep a stop at Rs 312 and go short. Add to the position between Rs 305 and Rs 306. Book profits at Rs 303.
Target prices, projected movements in terms of next session, unless otherwise stated