NIFTY
Current: 6,215 (futures: 6,263);
Target: NA
Stop-loss short positions at 6,325. Stop-loss long positions at 6,200. A breakout or breakdown could go till 6,400 or 6,150. A short-term downtrend may be in force. A bearspread of long 6,200p (83) and short 6,100p (54) could gain 10-15 if the index drops below 6,200. (All futures prices above)
BANK NIFTY
Current: 11,292; (futures: 11,387)
Target: 11,125 (futures: 11,200)
Keep a stop at 11,500 and short. Add to the position between 11,275 and 11,300. Book profits below 11,200. (All futures prices)
NTPC
Current: Rs 152.6;
Target:Rs 159
Keep a stop at Rs 149.5 and go long. Add to the position between Rs 154 and Rs 156. Book profits above Rs 159.
HCL TECH
Current: Rs 1,083;
Target: Rs 1,110
Keep a stop at Rs 1,070 and go long. Add to the position between Rs 1,094 and Rs 1,100. Book profits above Rs 1,110.
JP ASSOCIATES
Current: Rs 47.75;
Target: Rs 44
Keep a stop at Rs 49.5 and short. Add to the position between Rs 46.5 and Rs 47.5. Book profits below Rs 44
Target prices, projected movements in terms of next session, unless otherwise stated
