NIFTY
Current: 7,435 (fut: 7,439),
Target: NA
Stop-long positions at 7,370. Stop-short positions at 7,505. Big moves could go till 7,300, 7,555. A long 7,400p (58), short 7,300p (31) would double if the index dropped to 7,370.
BANK NIFTY
Current: 15,270 (fut: 15,292)
Target: NA
Stop-long positions at 15,190. Stop-short positions at 15,405. Big moves could go till 15,625, 14,970. After short-covering yesterday. downtrend may resume.
HCL TECH
Current price: Rs 838
Target price: Rs 850
Keep a stop at Rs 830 and go long. Add to the position between Rs 846 and Rs 848. Book profits at Rs 850.
TATA MOTORS
Current price: Rs 354
Target price: Rs 348
Keep a stop at Rs 358 and go short. Add to the position between Rs 349 and Rs 350. Book profits at Rs 348.
CAIRN INDIA
Current price: Rs 115
Target price: Rs 111
Keep a stop at Rs 116 and go short. Add to the position between Rs 112 and Rs 113. Book profits at Rs 111.
Target prices, projected movements in terms of next session, unless otherwise stated
