NIFTY
Current: 7,996 (futures: 8,020)
Target: NA
Stop loss shorts at 8,075. Stop long positions at 7,945. Big moves are unlikely and sentiment should be positive. A long 8,000c (55) and short 8,100 (15) could gain 15-20 if the futures cross 8,075.
BANK NIFTY
Current: 16,445 (futures: 16,492)
Target: 16,575 (futures: 16,625)
Keep a stop at 16,400 and go long. Add to the position between 16,575 and 16,600. Book profits at 16,625.
CIPLA
Current: Rs 628
Target: Rs 640
Keep a stop at Rs 620 and go long. Add to the position between Rs 635 and Rs 638. Book profits at Rs 640.
TATA MOTORS
Current: Rs 519
Target: Rs 535
Keep a stop at Rs 510 and go long. Add to the position between Rs 527 and Rs 530. Book profits
at Rs 535.
Target prices, projected movements in terms of next session, unless otherwise stated
