NIFTY
Current: 7,318 (fut: 7,314),
Target: NA
Stop-loss long positions at 7,250. Stop shorts at 7,385. Big moves could go till 7,200 or 7,425. A bearspread of long 7,300p (33) and short 7,200p (9) breaks even at 7,276. It will double if 7,250 is hit.
BANK NIFTY
Current: 15,084 (fut: 15,075)
Target: 14,900
The financial index could range trade 14,850-15,300. Keep a stop at 15,175 and short. Add to the position between 14,975 and 15,000. Book profits at 14,900.
TECH MAHINDRA
Current price: Rs 1,854
Target price: Rs 1,900
Keep a stop at Rs 1,825 and go long. Add to the position between Rs 1,865 and Rs 1,880. Book profits at Rs 1,900.
BHEL
Current price: Rs 245
Target price: Rs 235
Keep a stop at Rs 250 and go short. Add to the position between Rs 237 and Rs 239. Book profits at Rs 235.
TATA STEEL
Current price: Rs 478
Target price: Rs 490
Keep a stop at Rs 470 and go long. Add to the position between Rs 481 and Rs 485. Book profits at Rs 490.
Target prices, projected movements in terms of next session, unless otherwise stated
