NIFTY
Current: 7,702 (fut: 7,729),
Target: NA
Stop-long positions at 7,645. Stop-short positions at 7,765. Big moves could go till 7,600, 7,825. A long 7,600p (72), short 7,500p (48) could gain 10-15 if the futures drops below 7,650.
BANK NIFTY
Current: 16,801 (fut: 16,861)
Target: NA
Stop-long positions at 16,745. Stop-short positions at 16,980. Big moves could go till 16,550, 17,200. The downtrend looks likely to continue.
BHARTI AIRTEL
Current price: Rs 318
Target price: Rs 312
Keep a stop at Rs 321 and go short. Add to the position between Rs 313 and Rs 314. Book profits at Rs 312.
ITC
Current price: Rs 315
Target price: Rs 320
Keep a stop at Rs 312 and go long. Add to the position between Rs 318 and Rs 319. Book profits at Rs 320.
ONGC
Current price: Rs 216
Target price: Rs 211
Keep a stop at Rs 218 and short. Add to the position between Rs 212 and Rs 213. Book profits at Rs 211.
Current: 7,702 (fut: 7,729),
Target: NA
Stop-long positions at 7,645. Stop-short positions at 7,765. Big moves could go till 7,600, 7,825. A long 7,600p (72), short 7,500p (48) could gain 10-15 if the futures drops below 7,650.
BANK NIFTY
Current: 16,801 (fut: 16,861)
Target: NA
Stop-long positions at 16,745. Stop-short positions at 16,980. Big moves could go till 16,550, 17,200. The downtrend looks likely to continue.
BHARTI AIRTEL
Current price: Rs 318
Target price: Rs 312
Keep a stop at Rs 321 and go short. Add to the position between Rs 313 and Rs 314. Book profits at Rs 312.
ITC
Current price: Rs 315
Target price: Rs 320
Keep a stop at Rs 312 and go long. Add to the position between Rs 318 and Rs 319. Book profits at Rs 320.
ONGC
Current price: Rs 216
Target price: Rs 211
Keep a stop at Rs 218 and short. Add to the position between Rs 212 and Rs 213. Book profits at Rs 211.
Target prices, projected movements in terms of next session, unless otherwise stated