NIFTY
Current: 6,115 (futures: 6,131);
Target: NA
Stop-loss shorts at 6,150 and stop-loss long positions at 6,050. Breakouts could go till 6,200 or 6,000. A long 6,000p (7) and long 6,200c (15) strangle is cheap due to expiry fears. The position could double on a 100-point swing.
BANK NIFTY
Current: 11,083; (futures: 11,116)
Target: 11,350
Keep a a stop at 11,000 and go long. Add to the position between 11,225 and 11,250. Book profits above 11,350. (All futures prices)
BPCL
Current: Rs 347;
Target: Rs 360
Keep a stop at Rs 341 and go long. Add to the position between Rs 352 and Rs 355. Book profits at Rs 360.
BHEL
Current: Rs 144.3;
Target: Rs 148
Keep a stop at Rs 142.5 and go long. Add to the position between Rs 145.5 and Rs 146.5. Book profits at Rs 148.
L&T
Current: Rs 1,002;
Target: Rs 1,025
Keep a stop at |Rs 990 and go long. Add to the position between Rs 1,010 and Rs 1,015. Book profits above Rs 1,025.
Target prices, projected movements in terms of next session, unless otherwise stated
