NIFTY
Current: 6,239 (futures: 6,271);
Target: NA
Stop-loss long positions at 6,190 and stop-loss shorts at 6,330. Breakouts or breakdowns could go till 6,350 or 6,175. Option premia is slightly high. Selling a 6,000p (21) with the intention of buyback on Friday or Monday could work.
BANK NIFTY
Current: 10,730 (fut: 10,744);
Target: 10,820 (futures: 10,850)
Keep a stop at 10,650 and go long. Add to the position between 10,775 and 10,800. Book profits above 10,850. (All futures prices above)
MAHINDRA & MAHINDRA
Current price: Rs 965;
Target price: Rs 995
Keep a stop at Rs 950 and go long. Add to the position between Rs 970 and Rs 980. Book profits above Rs 995.
INFOSYS
Current price: Rs 3,808;
Target price: Rs 3,840
New high at Rs 3,817. Keep a stop at Rs 3,775 and go long. Add to the position between Rs 3,820 and Rs 3,830. Book profits above Rs 3,840.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
