NIFTY
Current: 8,238 (futures: 8,215)
Target: NA
Stop-loss long positions at 8,165. Stop-loss short positions at 8,310, Big moves could go till 8,325, 8,125. A long 8,100p (49), long 8,400c (35) looks expensive but one end of the strangle may be hit due to Brexit.
BANK NIFTY
Current: 17,718 (futures: 17,715)
Target: NA
Stop-loss short positions at 17,820. Stop-long positions at 17,600. Big moves could go till 17,350, 18,050. High volatility likely.
TATA MOTORS
Current price: Rs 482
Target price: Rs 490
Keep a stop at Rs 477 and go long. Add to the position between Rs 486 and Rs 488. Book profits at Rs 490.
HCL TECH
Current price: Rs 770
Target price: Rs 755
Keep a stop at Rs 778 and go short. Add to the position between Rs 758 and Rs 762. Book profits at Rs 755.
IDEA CELLULAR
Current price: Rs 103
Target price: Rs 105
Keep a stop at Rs 102 and go long. Add to the position between Rs 104 and Rs 104.5. Book profits at Rs 105.
Target prices, projected movements in terms of next session, unless otherwise stated
