NIFTY
Current: 7,861 (futures: 7,884)
Target: NA
Stop-long positions at 7,820. Stop-short positions at 7,950. Big moves could go till 8,025, 7,750. A long strangle of long 7,700p (26), long 8,100 (16) could gain 10-15 on a big swing in either direction.
BANK NIFTY
Current: 16,738 (fut: 16,790)
Target: NA
Stop-long positions at 16,610. Stop-short positions at 16,825. Big moves could go till 17,050, 16,400. The Nifty Bank looks extremely volatile with no clear trend.
ASIAN PAINTS
Current price: Rs 953
Target price: Rs 970
Keep a stop at Rs 945 and go long. Add to the position between Rs 962 and Rs 965. Book profits at Rs 970.
HCL TECH
Current price: Rs 719
Target price: Rs 730
Keep a stop at Rs 712 and go long. Add to the position between Rs 726 and Rs 728. Book profits at Rs 730.
BHARTI INFRATEL
Current price: Rs 385
Target price: Rs 395
Keep a stop at Rs 382 and go long. Add to the position between Rs 388 and Rs 390. book profits at Rs 395.
Target prices, projected movements in terms of next session, unless otherwise stated
