NIFTY
Current: 8,426 (futures: 8,454)
Stop shorts at 8,500. Stop long positions at 8,390. Big swings could go till 8,550 or 8,350. A long 8,400p (35) and short 8,300p (15) could double on a big sell-off.
BANK NIFTY
Current: 17,699 (futures: 17,751)
Target: 17,500 (futures: 17,550)
Keep a stop at 17,825 and short. Add to the position between 17,600 and 17,625. Book profits at 17,550.
CIPLA
Current: Rs 608
Target: Rs 625
Keep a stop at Rs 600 and go long. Add to the position between Rs 615 and Rs 620. Book profits at Rs 625.
ULTRATECH
Current: Rs 2,530
Target: Rs 2,475
Keep a stop at Rs 2,560 and short. Add to the position between Rs 2,490 and Rs 2,500. Book profits at Rs 2,475.
L&T
Current: Rs 1,645
Target: Rs 1,605
Keep a stop at Rs 1,665 and short. Add to the position between Rs 1,615 and Rs 1,525. Book profits at Rs 1,605.
Target prices, projected movements in terms of next session, unless otherwise stated
