NIFTY
Current: 6,053 (fut: 6,060);
Target: NA
Stop-loss long positions at 5,990. Stop-loss short positions at 6,120. Breakouts or breakdowns could go till 6,150 or 5,950. A bearspread of long 6,000p (79) and short 5,900p (42) could gain 15-20 if the index drops below 5,975.
BANK NIFTY
Current: 10,214 (fut: 10,203);
Target: 10,000 (fut: 10,025)
The future is in mild backwardation- bearish signal at this stage of settlement. Keep a stop at 10,300 and short. Add to the position between 10,125 and 10,150. Book profits below 10,025. (All futures prices above)
DLF
Current price: Rs 142;
Target price: Rs 135
Keep a stop at Rs 146 and short. Add to the position between Rs 139 and Rs 141. Book profits below Rs 135.
HCL TECH
Current price: Rs 1,416;
Target price: Rs 1,450
Keep a stop at Rs 1,400 and go long. Add to the position between Rs 1,425 and Rs 1,440. Book profits above Rs 1,450.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
