NIFTY
Current: 6,333 (fut: 6,372)
Target: NA
Stop loss shorts at 6,420. Stop loss long positions at 6,300. Breakdowns and breakouts could go till 6,275 or 6,450. A bullspread of long 6,400c (70) and short 6,500c (33) is worth holding - it could gain 15 if the index moves past 6,425.
BANKNIFTY
Current: 11,843 (fut: 11,917)
Target: 12,200
Keep a stop at 11,830 and go long. Add to the position between 12,000-12,025. Book profits above 12,200. (All futures prices).
NTPC
Current price: Rs 136
Target price: Rs 128
Keep a stop at 140 and go short. Add to the position between 131-134. Book profits below 128.
TCS
Current price: Rs 2,083
Target price: Rs 2,125
Keep a stop at 2,055 and go long. Add to the position between 2,090-2,115. Book profits above 2,125.
SESA STERLITE
Current price: Rs 196
Target price: Rs 205
Keep a stop at 192 and go long. Add to the position between 195-201. Book profits above 205.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
