NIFTY
Current: 8,627 (fut: 8,684),
Target: NA
Resistance at 8,800 may be tested.Stop-long positions at 8,600. Stop-short positions at 8,760. A long 8,800c (63), short 8,900c (36) could gain 15-20 if the futures tests resistance at 8,800.
BANK NIFTY
Current: 18,929 (fut: 19,053)
Target: 19,150 (fut: 19,250)
Keep a stop at 18,950 and go long. Add to the position between 19,200 and 19,225. book profits at 19,250.
BHEL
Current price: Rs 255
Target price: Rs 260
Keep a stop at Rs 252 and go long. Add to the position between Rs 258 and Rs 259. Book profits at Rs 260.
TECHM
Current price: Rs 2,842
Target price: Rs 2,800
Keep a stop at Rs 2870 and short. Add to the position between Rs 2,820 and Rs 2,810. Book profits at Rs 2,800.
AMBUJA CEMENT
Current price: Rs 251
Target price: Rs 255
Keep a stop at Rs 249 and go long. Add to the position between Rs 253 and Rs 254. Book profits at Rs 255.
Target prices, projected movements in terms of next session, unless otherwise stated
