NIFTY
Current: 8,551 (fut: 8,571)
Target: NA
Stop-loss long positions at 8,490. Stop-loss shorts at 8,650. A continuing downtrend could test support at 8,450. A long 8,500p(20), short 8,400p (5) is cheap due to expiry and it could double if it 8,500 is hit.
BANK NIFTY
Current: 18,449 (futures: 18,495)
Target: 18,250 (futures: 18,300)
Keep a stop at 18,610 and go short. Add to the position between 18,325 and 18,350. Book profits at 18,300.
NTPC
Current price: Rs 150
Target price: Rs 154
Keep a stop at Rs 148 and go long. Add to the position between Rs 152 and Rs 153. Book profits at Rs 154.
BHEL
Current price: Rs 237
Target price: Rs 241
Keep a stop at Rs 235 and go long. Add to the position between Rs 239 and Rs 240. Book profits at Rs 241.
CAIRN INDIA
Current price: Rs 219
Target price: Rs 215
Keep a stop at Rs 222 and short. Add to the position between Rs 215 and Rs 216. Book profits at Rs 215.
Target prices, projected movements in terms of next session, unless otherwise stated
