NIFTY
Current: 8,589 (futures: 8,615
Target: NA
Stop-loss short positions at 8,700. Stop-long positions at 8,530. A big move could go till 8,750, 8,475. Breadth has gone negative. A long 8,500p (65), short 8,400p (41) could gain 10-15 on a dip to 8,500.
BANK NIFTY
Current: 19,029 (fut: 19,099)
Target: NA
Stop-loss long positions at 19,000. Stop-short positions at 19,200. A big move could go till 19,350, 18,850. PSBs like SBI, PNB and Canara Bank are bullish - long players could focus on these.
LARSEN & TOUBRO
Current: Rs 1,831
Target: Rs 1,805
Keep a stop at Rs 1,850 and short. Add to the position between Rs 1,810 and Rs 1,815. Book profits at Rs 1,805.
ITC
Current: Rs 326
Target: Rs 320
Keep a stop at Rs 330 and go short. Add to the position between Rs 323 and Rs 324. Book profits at Rs 320.
DR REDDY'S
Current: Rs 4,267
Target: Rs 4,320
Keep a stop at Rs 4,225 and go long. Add to the position between Rs 4,290 and Rs 4,310. Book profits at Rs 4,320.
Current: 8,589 (futures: 8,615
Target: NA
Stop-loss short positions at 8,700. Stop-long positions at 8,530. A big move could go till 8,750, 8,475. Breadth has gone negative. A long 8,500p (65), short 8,400p (41) could gain 10-15 on a dip to 8,500.
BANK NIFTY
Current: 19,029 (fut: 19,099)
Target: NA
Stop-loss long positions at 19,000. Stop-short positions at 19,200. A big move could go till 19,350, 18,850. PSBs like SBI, PNB and Canara Bank are bullish - long players could focus on these.
LARSEN & TOUBRO
Current: Rs 1,831
Target: Rs 1,805
Keep a stop at Rs 1,850 and short. Add to the position between Rs 1,810 and Rs 1,815. Book profits at Rs 1,805.
ITC
Current: Rs 326
Target: Rs 320
Keep a stop at Rs 330 and go short. Add to the position between Rs 323 and Rs 324. Book profits at Rs 320.
DR REDDY'S
Current: Rs 4,267
Target: Rs 4,320
Keep a stop at Rs 4,225 and go long. Add to the position between Rs 4,290 and Rs 4,310. Book profits at Rs 4,320.
Target prices, projected movements in terms of next session, unless otherwise stated