NIFTY
Current: 6,675 (fut: 6,694);
Target: NA
Stop-loss long positions at 6,635 and stop loss shorts at 6,760. Breakouts or breakdowns could go till 6,820 or 6,575, respectively. A bearspread of long 6,700p (49) and short 6,600p (16) could double if the index drops below 6,650. (All futures prices).
BANK NIFTY
Current: 12,563 (fut: 12,610);
Target: 12,400 (fut: 12,450)
Keep a stop at 12,675 and short. Add to the position between 12,525 and 12,550. Book profits below 12,450. (All futures prices).
BHEL
Current price: Rs 176;
Target price: Rs 168
Keep a stop at Rs 181 and go short. Add to the position between Rs 170 and Rs 172. Book profits at Rs 168.
INFOSYS
Current price: Rs 3,157;
Target price: Rs 3,080
Keep a stop at Rs 3,200 and short. Add to the position between Rs 3,110 and Rs 3,145. Book profits below Rs 3,080.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
