NIFTY
Current: 8,635 (fut: 8,628)
Target: NA
Stop-loss short positions at 8,700. Stop-long positions at 8,575. A long 8,500p (31) short 8,400p (15) could double if support at 8,550 is tested by a continuing downtrend.
BANK NIFTY
Current: 18,811 (futures: 18,800)
Target: 18,550 (futures: 18,600)
Keep a stop at 18,900 and go short. Add to the position between 18,625 and 18,650. Book profits at 18,600.
BHEL
Current price: Rs 256
Target price: Rs 250
Keep a stop at Rs 260 and short. Add to the position between Rs 251 and Rs 252. Book profits at Rs 250.
TCS
Current price: Rs 2,596
Target price: Rs 2,640
Keep a stop at Rs 2,570 and go long. Add to the position between Rs 2,620 and Rs 2,630. Book profits at Rs 2,640.
IDFC
Current price: Rs 167
Target price: Rs 162
Keep a stop at Rs 170 and short. Add to the position between Rs 163 and Rs 164. Book profits at Rs 162.
Target prices, projected movements in terms of next session, unless otherwise stated
