NIFTY
Current: 7,510 (futures: 7,537)
Target: NA
Stop-loss long positions at 7,470. Stop-short positions at 7,605. Big moves could go till 7,400, 7,675. A long 7,500p (96), short 7,400p (65) could double if the futures drops till 7,450.
BANK NIFTY
Current: 15,735 (fut: 15,810)
Target: NA
Stop-loss long positions at 15,700. Stop-loss short positions at 15,920. Big moves could go till 15,500, 16,100. A long 16,000p (400), short 15,500p (181) costs 220 and it could return 280 if 15,500 is hit.
NTPC
Current price: Rs 145
Target price: Rs 148
Keep a stop at Rs 143.5 and go long. Add to the position between Rs 146 and Rs 147. Book profits at Rs 148.
IDEA CELLULAR
Current price: Rs 126
Target price: Rs 122.5
Keep a stop at Rs 127 and go short. Add to the position between Rs 123 and Rs 124. Book profits at Rs 122.5.
TATA STEEL
Current price: Rs 246
Target price: Rs 241
Keep a stop at Rs 249 and go short. Add to the position between Rs 242 and Rs 243. Book profits at Rs 241.
Target prices, projected movements in terms of next session, unless otherwise stated
