NIFTY
Current: 6,120 (fut: 6,126);
Target: NA
Stop-loss shorts at 6,185. Stop-loss long positions at 6,065. Breakouts or breakdowns look unlikely but a big move could go till 6,000 or till 6,225. A barspread of long 6,100p (24) and short 6,050p (11) costs 13 with breakeven at 6,087.
BANK NIFTY
Current: 10,437 (fut: 10,437);
Target: 10,250
Keep a stop at 10,525 and short. Add to the position between 10,350 and 10,375. Book profits at 10,250.
RANBAXY
Current price: Rs 329;
Target price: Rs 317
Keep a stop at Rs 335 and short. Add to the position between Rs 321 and Rs 325. Book profits at Rs 317.
TATA POWER
Current price: Rs 73;
Target price: Rs 71
Keep a stop at Rs 74 and short. Add to the position between Rs 71.75 and Rs 72.5. Book profits below Rs 71.
INFOSYS
Current: Rs 3,718;
Target: Rs 3,625
Keep stop at Rs 3,750 and short. Add to the position between Rs 3,675 and Rs 3700. Book profits at Rs 3,625.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
