Nifty
Current: 7,254 (fut: 7,274)
Target: NA
Stop-loss long positions at 7,200 And stop-loss shorts at 7,335. Big moves may go till 7,150 or 7,400. A bearspread of long 7,200p (38) and short 7,100p(15) could gain 15-20 if the index hits 7,175.
Bank Nifty
Current: 14,952 (futures: 15,010)
Target: 14,800 (futures: 14,750)
Keep a stop at 15,120 and short. Add to the position between 14,875 and 14,900. Book profits at 14,750. (All futures prices)
Hindalco
Current: Rs 160
Target: Rs 172
Keep a stop at Rs 163 and go short. Add to the position between Rs 154 and Rs 156. book profits at Rs 152.
HCL Tech
Current: Rs 1,336
Target: Rs 1,360
Keep a stop at Rs 1,320 and go long. Add to the position between Rs 1,340 and Rs 1,350. Book profits above Rs 1,360.
L&T
Current: Rs 1,476
Target: Rs 1,445
Keep a stop at Rs 1,490 and short. Add to the position between Rs 1,450 and Rs 1,460. Book profit at Rs 1,445.
Target prices, projected movements in terms of next session, unless otherwise stated
