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Nifty, Bank Nifty, IDFC, BHEL & Coal India

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Devangshu Datta New Delhi
Last Updated : Dec 05 2013 | 10:37 PM IST
NIFTY
Current: 6,241 (futures: 6,273);
Target: NA
Support at 6,210. Resistance at 6,320. Use those points as supports and resistances. Breakouts or breakdowns could go till 6,175 or 6,375. A bullspread of long 6,400c (75) and short 6,500c (43) could gain 10-15 if the index hits 6,350-plus. (All futures prices).

BANK NIFTY

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Current: 11,665; (futures: 11,720)
Target: 11,525 (futures price)
The financial index could see a pullback till 11,525 on profit-booking. Keep a stop at 11,800 and short. Add to the position between 11,625 and 11,650. Book profits below 11,525. (All futures prices).

IDFC
Current: Rs 112.8;
Target: Rs 110.5
Keep a stop at Rs 114 and short. Add to the position between Rs 111 and Rs 112. Book profits below Rs 110.5

BHEL
Current: Rs 171.3;
Target: Rs 179
Keep a stop-loss at Rs 168 and go long. Add to the position between Rs 172 and Rs 174. Book profits above Rs 179.

COAL INDIA
Current: Rs 280;
Target: Rs 273
Keep a stop at Rs 283 and go short. Add to the position between Rs 275 and Rs 277. Boook profits below Rs 273.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Dec 05 2013 | 10:30 PM IST

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