Nifty
Current: 8,061 (fut: 8,077), Target: NA
Stop-long positions at 8,020. Stop-short positions at 8,130. Big moves could go till 8,200, 7,920. A long 8,000p (29), short 7,900p (13) could double if the futures drops below 8,000.
Bank Nifty
Current: 18,084 (fut: 18,095)
Target: NA
Stop-loss long positions at 17,970. Stop-short positions at 18,200. Big moves could go till 18,450, 17,750. The trend continues to look bearish.
Sun Pharma
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Current price: Rs 614
Target price: Rs 602
Keep a stop at Rs 620 and go short. Add to the position between Rs 605 and Rs 608. Book profits at Rs 602.
NTPC
Current price: Rs 163.6
Target price: Rs 167
Keep a stop at Rs 162 and go long. Add to the position between Rs 165 and Rs 166. Book profits at Rs 167.
HDFC
Current price: Rs 1,235
Target price: Rs 1,210
Keep a stop at Rs 1,250 and go short. Add to the position between Rs 1,215 and Rs 1220. Book profits at Rs 1,210.
Target prices, projected movements in terms of next session, unless otherwise stated