NIFTY
Current: 7,796 (fut: 7,790)
Target: NA
Stop-loss shorts at 7,850. Stop long positions at 7,725. Big moves could go till 7,675 or 7,900. A long 7,900c (14) and long 7,700p (23) could gain 15-20 on a big move in any direction.
ICICI BANK
Current: 1,506
Target: 1,540
Keep a stop at Rs 1,490 and go long. Add to the position between Rs 1,520 and Rs 1,530. Book profits at Rs 1,540.
INFOSYS
Current: Rs 3,349
Target: Rs 3,305
Keep a stop at Rs 3,375 and short. Add to the position between Rs 3,315 and Rs 3,325. Book profits at Rs 3,305.
AMBUJA CEMENT
Current: Rs 216
Target: Rs 210
Keep a stop at Rs 220 and short. Add to the position between Rs 212 and Rs 214. Book profits at Rs 210.
TATA STEEL
Current: Rs 555
Target: Rs 542
Keep a stop at Rs 561 and go short. Add to the position between Rs 545 and Rs 547. Book profits at Rs 542.
Target prices, projected movements in terms of next session, unless otherwise stated
