NIFTY
Current: 7,786 (futures: 7,785)
Target: NA
Stop-short positions at 7,855. Stop-long positions at 7,720. Big moves could go till 7,900, 7,650. A long 7,700p (28), short 7,600p (13) could double in value if 7,700 is struck.
BANK NIFTY
Current: 16,749 (fut: 16,715)
Target: NA
Stop-loss short positions at 16,830. Stop-long positions at 16,600. Big moves could go till 16,950 or 16,500. The downtrend might continue.
BHEL
Current price: Rs 166
Target price: Rs 163.5
Keep a stop at Rs 168 and go short. Add to the position between Rs 164 and Rs 165. Book profits at Rs 163.5.
MAHINDRA & MAHINDRA
Current price: Rs 1,256
Target price: Rs 1,235
Keep a stop at Rs 1,270 and go short. Add to the position between Rs 1,240 and Rs 1,245. Book profits at Rs 1,235.
LARSEN & TOUBRO
Current price: Rs 1,280
Target price: Rs 1,300
Keep a stop at Rs 1,265 and go long. Add to the positin between Rs 1,290 and Rs 1,295. Book profits at Rs 1,300.
Target prices, projected movements in terms of next session, unless otherwise stated
