NIFTY
Current: 8,565 (fut: 8,625),
Target: NA
Re-test of 8,450-8,475 support likely. Stop-long positions at 8,540. Stop-short positions at 8,710. Wide strangles like long 8,200p (21), long 8,900c (34) would work if there's a big swing in either direction over next three-five sessions.
BANK NIFTY
Current: 18,752 (fut: 18,900)
Target: 18,500 (fut: 18,600)
Keep a stop at 19,050 and go short. Add to the position between 18,650 and 18,675. Book profits at 18,600.
TATA MOTORS
Current price: Rs 564
Target price: Rs 555
Keep a stop at Rs 570 and go short. Add to the position between Rs 557 and Rs 558. Book profits at Rs 555.
RELIANCE INDUSTRIES
Current price: Rs 882
Target price: Rs 870
Keep a stop at Rs 892 and short. Add to the position between Rs 874 and Rs 877. Book profits at Rs 870.
POWER GRID
Current price: Rs 145
Target price: Rs 149
Keep a stop at Rs 143 and go long. Add to the position between Rs 147 and Rs 148. Book profits at Rs 149.
Target prices, projected movements in terms of next session, unless otherwise stated
