Nifty
Current: 8,224 (fut: 8,254), Target: NA
Stop-long positions at 8,175. Stop-short positions at 8,325. Big moves could go till 8,375, 8,125. A long 8,400c (60), short 8,500c (32) could gain 15-20 if the index future hits 8,350.
Bank Nifty
Current: 18,627 (fut: 18,682)
Target: NA
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Stop-long positions at 18,550. Stop-short position at 18,800. Big moves could go till 19,000, 18,350. If the breakout is sustained, 19,000 resistance will be tested.
Idea
Current price: Rs 77
Target price: Rs 74.5
Keep a stop at Rs 78 and go
short. Add to the position between Rs 75 and Rs 76. Book profits at Rs 74.5.
Maruti Suzuki
Current price: Rs 5,266
Target price: Rs 5,160
Keep a stop at Rs 5,320 and go short. Add to the position between Rs 5,180 and Rs 5,200. Book profits at Rs 5,160.
PowerGrid
Current price: Rs 192
Target price: Rs 196
Keep a stop at Rs 190 and go long. Add to the position between Rs 194 and Rs 195. Book profits
at Rs 196.
Devangshu Datta
Target prices, projected movements in terms of next session, unless otherwise stated