NIFTY
Current: 6,018 (futures: 6,065);
Target: NA
The index seems to be in a short/ intermediate term downtrend. Stop loss shorts at 6,125 and stop loss long positions at 6,000. Breakouts could go till 6,175 or 5,900. A bearspread of long 6,000p (69.5) and short 5,900p (39.5) has already gained. It could gain another 15-20 if 6,000 is struck. (All futures prices).
SBI
Current: Rs 1,672;
Target: Rs 1,630
Keep a stop at Rs 1,689 and short. Add to the position between Rs 1,650 and Rs 1,665. Book profits below Rs 1,630.
TATA POWER
Current price: Rs 79.1;
Target price: Rs 77
Keep a stop at Rs 80.1 and short. Add to the position between Rs 78.25 and Rs 78.5. Book profits below Rs 77.
DLF
Current price: Rs 144;
Target price: Rs 139
Keep a stop at Rs 147 and short. Add to the position between Rs 140 and Rs 142. Book profits below Rs 139.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
