Nifty
Current: 8,109 (futures: 8,122)
Target: NA
Stop-long positions at 8,060. Stop-short positions at 8,180. Big moves could go till 8,230, 8,000. A long 8,000p (66), short 7,900p (43) could gain 10-15 if the index hits 8,050.
Bank Nifty
Current: 17,672 (fut: 17,642)
Target: NA
Stop-long positions at 17,550. Stop-short positions at 17,750. Big moves could go till 17,350, 17,950. Bias mildly negative.
UltraTech Cement
Current price: Rs 3,322
Target price: Rs 3,280
Keep a stop at Rs 3,350 and go short. Add to the position between Rs 3,290 and Rs 3,300. Book profits at Rs 3,280.
Zee Entertainment
Current price: Rs 455
Target price: Rs 448
Keep a stop at Rs 460 and go short. Add to the position between Rs 449 and Rs 450. Book profits at Rs 448.
Cipla
Current price: Rs 483
Target price: Rs 490
Keep a stop at Rs 479 and go long. Add to the position between Rs 487 and Rs 489. Book profits at Rs 490.
Target prices, projected movements in terms of next session, unless otherwise stated
