NIFTY
Current: 8,430 (futures: 8,452.45)
Stop short positions at 8,500. Stop long positions at 8,390. Big swings could go till 8,350 or 8,550. Some upside bias. A long 8,500c (39) and short 8,600c (13) could gain 15-20 if 8,500 is hit.
BANK NIFTY
Current: 17,640 (futures: 17,675)
Target: 17,750 (futures: 17,825)
Keep a stop at 17,600 and go long. Add to the position between 17,775 and 17,800. Book profits at 17,825.
TATA MOTORS
Current: Rs 545
Target: Rs 555
Keep a stop at Rs 539 and go long. Add to the position between Rs 550 and Rs 551. Book profits at Rs 555.
DLF
Current: Rs 140
Target: Rs 135
Keep a stop at Rs 142 and short. Add to the position between Rs 136 and Rs 137. Book profits at Rs 135.
BHEL
Current: Rs 249
Target: Rs 253
Keep a stop at Rs 247 and go long. Add to the position between Rs 251 and Rs 252. Book profits at Rs 253.
Target prices, projected movements in terms of next session, unless otherwise stated
