NIFTY
Current: 7,109 (fut: 7,140)
Target: NA
Trader can set stops at 7,075 (long) and 7,175 (short) and moves beyond could hit 7,000 or 7,250. Option premia suggest very high volatility on Friday. (All futures prices)
BANK NIFTY
Current: 14,207 (futures: 14,306)
Target: NA
Likely trading range today is 14,125-14,450. Trader can exploit this with stop-losses at 14,450 (short) and 14,125 (long). (All futures prices)
TATA STEEL
Current: Rs 452
Target: Rs 460
Keep a stop at Rs 446 and go long. Add to the position between Rs 455 and Rs 458. Book profits at above Rs 460.
HDFC
Current: Rs 889
Target: Rs 870
Keep a stop at Rs 900 and go short. Add to the position between Rs 875 and Rs 885. Book profits at Rs 870.
DLF
Current: Rs 160
Target: Rs 167
Keep a stop at Rs 157 and go long. Add to the position between Rs 163 and Rs 165. Book profits at Rs 167.
Target prices, projected movements in terms of next session, unless otherwise stated
