NIFTY
Current: 7,493 (fut: 7,538)
Target: NA
Stop-loss shorts at 7,600. Stop long positions at 7,475. Big moves could go till 7,400 or 7,650. Bearish bias means a long 7,400p (98) and short 7,300p (67) could gain 15-20 if the Nifty drops below 7,425. (All futures prices)
BANK NIFTY
Current: 15,050 (futures: 15,224)
Target: 14,950 (futures: 15,1025)
Keep a stop at 15,300 and short. Add to the position between 15,125 and 15,100. Book profits at 15,025. (All futures prices)
RELIANCE INDUSTRIES
Current: Rs 1,012
Target: Rs 990
Keep a stop at Rs 1,020 and short. Add to the position between Rs 995 and Rs 1,005. Book profits
at Rs 990.
HCL TECH
Current: Rs 1,434
Target: Rs 1,465
Keep a stop at Rs 1,420 and go long. Add to the position between Rs 1,445 and Rs 1,460. Book profits at Rs 1,465.
NTPC
Current: Rs 152
Target: Rs 145
Keep a stop at Rs 155 and short. Add to the position between Rs 146 and Rs 148. Book profits at Rs 145.
Target prices, projected movements in terms of next session, unless otherwise stated
