NIFTY
Current: 7,834 (fut: 7,838),
Target: NA
Stop-loss short positions at 7,905. Stop-long positions at 7,770. Big moves could go till 7,970, 7,700. A long 7800p (48), 7,700p (21) would gain 10-15 if the index dipped below 7,870.
BANK NIFTY
Current: 16,825 (fut: 16,798)
Target: NA
Stop-loss short positions at 16,925. Stop-long positions at 16,700. Big moves could go till 17,150, 16,500. Heavy resistance at 16,950-17,000.
IDEA CELLULAR
Current price: Rs 138
Target price: Rs 142
Keep a stop at Rs 137 and go long. Add to the position between Rs 140 and Rs 141. Book profits at Rs 142.
ONGC
Current price: Rs 230.50
Target price: Rs 225
Keep a stop at Rs 233 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 225.
SUN PHARMA
Current price: Rs 754
Target price: Rs 735
Keep a stop at Rs 762 and go short. Add to the position between Rs 740 and Rs 745. Book profits at Rs 735.
Target prices, projected movements in terms of next session, unless otherwise stated
