NIFTY
Current: 6,575 (futures: 6,592);
Target: NA
Stop-loss shorts at 6,650. Stop-loss long positions at 6,525. Breakouts or breakdowns could lead to 6,700 or 6,500. On-the money premiums of 6,600p (24) and 6,600c (34) suggest that the market is not likely to move much. (All futures prices above)
BANK NIFTY
Current: 12,450 (fut: 12,494);
Target: 12,625
Keep a stop at 12,425 and go long. Add to the position between 12,550 and 12,575. Book profits above 12,625. (All futures prices above).
APOLLO TYRES
Current price: Rs 157;
Target price: Rs 150
The profit booking that came in at the new high of Rs 166 could continue. Keep a stop at Rs 161 and go short. Add to the position between Rs 151 and Rs 153. Book profits at Rs 150.
BHEL
Current price: Rs 197;
Target price: Rs 188
Keep a stop at Rs 200 and go short. Add to the position between Rs 190 and Rs 192. Book profits at Rs 188.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
