NIFTY
Current: 8,047 (fut: 8,063)
Target: NA
Stop loss short positions at 8130. Stop long positions at 7975. A long 8200c (32), long 7800p(16) is worth holding. A swing to either 8165 or 7955 could lead to a gain of 15-20
BANK NIFTY
Current: 17,603 (fut: 17,624.35)
Target: 17,750 (fut: 17,800)
Keep a stop at 17,500 and go long. Add to the position between 17,750-17,775. Book profits at 17,800
TATA STEEL
Current: Rs 294.5
Target: Rs 288
Keep a stop at Rs 298 and short. Add to the position between Rs 290 and Rs 292. Book profits at Rs 288
HERO MOTOR
Current: Rs 2,543
Target: Rs 2,595
Keep a stop at Rs 2,520 and go long. Add to the position between Rs 2,565 and Rs 2,575. Book profits at Rs 2,595
POWER GRID
Current: Rs 144
Target: Rs 147
Keep a stop at Rs 142.5 and go long. Add to the position between Rs 145 and Rs 146. Book profits at Rs 147
Target prices, projected movements in terms of next session, unless otherwise stated
