NIFTY
Current: 8,373 (futures: 8,380)
Target: NA
Stop-loss short positions at 8,455. Stop-loss long positions at 8,295. Big moves could go till 8,225-8,525. A long 8,300p (45), short 8,200p(25) could double if 8,300 is tested.
BANK NIFTY
Current: 18,283 (fut: 18,310)
Target: NA
Stop-loss short positions at 18,455. Stop-long positions at 18,200. Big moves could go till 18,000-18,650. A downtrend looks more likely.
NTPC
Current price: Rs 126
Target price: Rs 124
Keep a stop at Rs 127.5 and go short. Add to the position between Rs 124.5 and Rs 125. Book profits at Rs 124.
GAIL
Current price: Rs 320
Target price: Rs 315
Keep a stop at Rs 324 and go short. Add to the position between Rs 316 and Rs 317. Book profits at Rs 315.
INFOSYS
Current price: Rs 1,134
Target price: Rs 1,155
Keep a stop at Rs 1,125 and go long. Add to the position between 1,145 and Rs 1,150. Book profits at Rs 1,155.
Target prices, projected movements in terms of next session, unless otherwise stated
