Nifty
Current: 8,626 (fut: 8,650) Target: NA
Stop-long positions at 8,590. Stop-short positions at 8,710. Big moves could go till 8,730, 8,525. A long 8,700c (100), short 8,800c (59) could gain 15-20 if the futures moves past 8,700.
Bank Nifty
Current: 19,459 (futures: 19,529)
Target: NA
Stop-long positions at 19,400. Stop-short positions at 19,650. Big moves could go till 19,850, 19,200. Trend mildly negative.
Hindalco
Current price: Rs 157
Target price: Rs 161
Keep a stop at Rs 155 and go long. Add to the position between Rs 159 and Rs 160. Book profits at Rs 161.
ACC
Current: Rs 1,503
Target: Rs 1,475
Keep a stop at Rs 1,520 and go short. Add to the position between Rs 1,480 and Rs 1,485. Book profits at Rs 1,475.
Sun Pharma
Current: Rs 734
Target: Rs 721
Keep a stop at Rs 740 and go short. Add to the position between Rs 724 and Rs 726. Book profits at Rs 721.
Target prices, projected movements in terms of next session, unless otherwise stated
Target prices, projected movements in terms of next session, unless otherwise stated
