NIFTY
Current: 7,192 (futures: 7,182)
Target: NA
Stop-loss long positions at 7,120. Stop-short positions at 7,255. Big moves could go till 7,300, 7,050. A long 7100p (38), long 7,300c (21) could gain 10-15 if the index swings 100 points in either direction.
BANK NIFTY
Current: 14,298 (fut: 14,262)
Target: NA
Stop-loss short positions at 14,375. Stop-loss long positions at 14,150. Big moves could go till 14,500, 14,000.
CAIRN INDIA
Current price: Rs 131
Target price: Rs 133. 5
Keep a stop at Rs 129 and go long. Add to the position between Rs 132 and Rs 133. Book profits at Rs 133.5.
TATA STEEL
Current price: Rs 251
Target price: Rs 245
Keep a stop at Rs 254 and go short. Add to the position between Rs 246 and Rs 247. Book profits at Rs 245.
IDEA CELLULAR
Current price: Rs 108
Target price: Rs 105
Keep a stop at Rs 109 and go short. Add to the position between Rs 105.5 and Rs 106.5. Book profits at Rs 105.
Target prices, projected movements in terms of next session, unless otherwise stated
