NIFTY
Current: 6,191 (fut: 6,228);
Target: NA
Stop-loss shorts at 6,250 and stop loss long positions at 6,150. Breakouts and breakdowns could go till 6,300 or 6,100. A bearspread of long 6,200p (85) and short 6,100p (55) could gain 15 if the index drops to 6,150. (All futures prices above)
BANK NIFTY
Current: 11,049 (fut: 11,126);
Target: 10,800 (fut: 11,875)
Keep a stop at 11,200 and short. Add to the position between 10,950 and 10,975. Book profits below 10,875. (All futures prices above).
TATA POWER
Current price: Rs Rs 81.85;
Target price: Rs 86
Keep a stop at Rs 80.75 and go long. Add to the position at Rs 83-84. Book profits above Rs 86.
ONGC
Current price: Rs Rs 281 ;
Target price: Rs 288
Keep a stop at Rs 278 and go long,. Add to the position at Rs 284-286. Book profits above Rs 288.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
