NIFTY
Current: 6,166 (fut: 6,183);
Target: NA
Stop-loss long positions at 6,125 and stop-loss shorts at 6,225. Breakouts/ breakdowns could go till 6,275 or 6,050. A bearish bias is likely. A bearspread of long 6,100p (19) and short 6,000p (6) costs 13 and it could double or triple if the index drops below 6,100.
BANK NIFTY
Current: 11,087 (fut: 11,123);
Target: 10,850 (fut: 10,900)
Keep a stop at 11,225 and short. Add to the position between 10,975 and 11,000. Book profits at 10,900. (All futures prices).
HCL TECH
Current price: Rs 1,244;
Target price: Rs 1,275
Keep a stop at Rs 1,230 and go long. Add to the position between Rs 1,255 and Rs 1,265. Book profits above Rs 1,275.
L&T
Current price: Rs 1,061;
Target price: Rs 1,035
Keep a stop at Rs 1,075 and short. Add to the position between Rs 1,040 and Rs 1,050. Book profits below Rs 1,035.
Target prices & projected movements given are in terms of the next one trading session, unless otherwise stated
