NIFTY
Current: 8624 (fut: 8631),
Target: NA
Stop-loss long positions at 8,560. Stop-short positions at 8,700. Big moves could go till 8,760, 8,500. A long 8,600p (56), short 8,500p (27) could gain 10-15 if the futures drops below 8,600.
BANK NIFTY
Current: 19,041 (fut: 19,059)
Target: NA
Stop-loss long positions at 18,950. Stop-short positions at 19,170. Big moves could go till 19,350, 18,700. The trend seems mildly bearish.
TATA STEEL
Current price: Rs 392
Target price: Rs 397
Keep a stop at Rs 389 and go long. Add to the position between Rs 394 and Rs 396. Book profits at Rs 397.
TECH MAHINDRA
Current price: Rs 475
Target price: Rs 466
Keep a stop at Rs 480 and go short. Add to the position between Rs 469 and Rs 471. Book profits at Rs 466.
IDEA CELLULAR
Current price: Rs 93
Target price: Rs 90
Keep a stop at Rs 94 and go short. Add to the position between Rs 91 and Rs 92. Book profits at Rs 90.
Target prices, projected movements in terms of next session, unless otherwise stated
