NIFTY
Current: 7,825 (futures: 7,828)
Target: NA
Stop-loss long positions at 7,760. Stop-short positions at 7,900. Big moves could go till 7,950, 7,700. A long 7,700p (46), short 7,600p (26) will gain 10-15 if the downtrend tests 7,725.
BANK NIFTY
Current: 16,956 (fut: 16,970)
Target: NA
Stop-loss long positions at 16,865. Stop-short positions at 17,075. Big moves could go till 17,275, 16,670. Unless there's short covering, the downtrend will continue.
BHEL
Current price: Rs 180
Target price: Rs 176
Keep a stop at Rs 182 and go short. Add to the position between Rs 177 and Rs 178. Book profits at Rs 176.
BHARTI AIRTEL
Current price: Rs 332
Target price: Rs 325
Keep a stop at Rs 335 and short. Add to the position between Rs 326 and Rs 327. Book profits at Rs 325.
TATA POWER
Current price: Rs 68.5
Target price: Rs 70.5
Keep a stop at Rs 67.5 and go long. Add to the position between Rs 69.5 and Rs 70. Book profits at Rs 70.5.
Target prices, projected movements in terms of next session, unless otherwise stated
