NIFTY
Current: 7,362 (fut: 7,382)
Target: NA
Stop loss short positions at 7,455. Stop long positions at 7,295. Big moves could go till 7,510, 7,270. Index may test support near the 52-week low. A long 7,300p (89), short 7,200p (60), could gain 10-15 if 7,300 is hit.
BANK NIFTY
Current: 14,834 (futures: 14,901)
Target: NA
Stop loss short positions at 15,015. Stop loss long positions at 14,790. Big moves could go till 14,600, 15,200. Support at 14,750-14,800 (near the 52-week low) is crucial.
TECH MAHINDRA
Current: Rs 472
Target: Rs 480
Keep a stop at Rs 468 and go long. Add to the position between Rs 476 and Rs 478. Book profits at Rs 480.
BHEL
Current: Rs 128
Target: Rs 125.5
Keep a stop at Rs 129.5 and go short. Add to the position between Rs 126 and Rs 127. Book profits at Rs 125.5
HINDALCO
Current: Rs 67
Target: Rs 65
Keep a stop at Rs 68 and go short. Add to the position between Rs 65.5 and Rs 66. Book profits at 65.
Current: 7,362 (fut: 7,382)
Target: NA
Stop loss short positions at 7,455. Stop long positions at 7,295. Big moves could go till 7,510, 7,270. Index may test support near the 52-week low. A long 7,300p (89), short 7,200p (60), could gain 10-15 if 7,300 is hit.
BANK NIFTY
Current: 14,834 (futures: 14,901)
Target: NA
Stop loss short positions at 15,015. Stop loss long positions at 14,790. Big moves could go till 14,600, 15,200. Support at 14,750-14,800 (near the 52-week low) is crucial.
TECH MAHINDRA
Current: Rs 472
Target: Rs 480
Keep a stop at Rs 468 and go long. Add to the position between Rs 476 and Rs 478. Book profits at Rs 480.
BHEL
Current: Rs 128
Target: Rs 125.5
Keep a stop at Rs 129.5 and go short. Add to the position between Rs 126 and Rs 127. Book profits at Rs 125.5
HINDALCO
Current: Rs 67
Target: Rs 65
Keep a stop at Rs 68 and go short. Add to the position between Rs 65.5 and Rs 66. Book profits at 65.
Target prices, projected movements in terms of next session, unless otherwise stated; Nifty and Nifty Bank prices are for futures, rest for cash segment