NIFTY
Current: 5,873 (futures: 5,889);
Target: NA
Use support between 5,810 and 5,825 as a stop-loss for long positions. Use resistance at 5,915-5,935 as a stop loss for shorts. Breakouts could go till 5,725 or till 5,975. A long 5,800P (7) could triple on a breakdown below 5,800 but it could also lose 100 per cent.
BANK NIFTY
Current: 10,081 (fut: 10,109);
Target: 9,850
Keep a stop at 10,200 and short. Add to the position between 9,925-9,950. Book profits below 9,850. If 10,200 is broken, the next resistance is 10,275.
MARUTI
Current price: Rs 1,393;
Target price: Rs 1,430
Keep a stop at Rs 1,375 and go long. Add to the position between Rs 1,405 and Rs 1,415. Book profits above Rs 1,430. If Rs 1,375 is broken, it could fall till Rs 1,335.
RELIANCE INDUSTRIES
Current price: Rs 849;
Target price: Rs 825
Keep a stop at Rs 860 and short. Add to the position between Rs 832 and Rs 840. Book profits below Rs 825. A bounce above Rs 860 could go till Rs 875.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
