NIFTY
Current: 7,748 (fut: 7,760),
Target: NA
Stop loss shorts at 7,825. Stop long positions at 7,675. Big moves could go till 7,875 or 7,625. A long 7,600p (46) and short 7,500p (27) could double if the market drops below 7,650.
BANK NIFTY
Current: 15,541 (fut: 15,542)
Target: 15,350 (fut: 15,375)
Keep a stop at 15,650 and short. Add to the position between 15,425 and 15,450. Book profits at 15,375.
TCS
Current price: Rs 2,678
Target price: Rs 2,730
Keep a stop at Rs 2,650 and go long. Add to the position between Rs 2,710 and Rs 2,720. Book profits at Rs 2,730.
JINDAL STEEL
Current price: Rs 152
Target price: Rs 148
Keep a stop at Rs 154 and short. Add to the position between Rs 148 and Rs 149. Book profits at Rs 146.
HINDALCO
Current price: Rs 142
Target price: Rs 137
Keep a stop at Rs 144 and short. Add to the position between Rs 136 and Rs 137. Book profits at Rs 135.
Target prices, projected movements in terms of next session, unless otherwise stated
