NIFTY
Current: 8,018 (futures: 8,032)
Stop short positions at 8,080. Stop long positions at 7,920. Big moves could go till 8,150 or 7,875. A long 8,100c (11) and long 7,900p (7) costs 18 and it could double if either end is hit by Thursday.
BANK NIFTY
Current: 15,902 (futures: 15,930)
Target: 15,750 (futures: 15,775)
Keep a stop at 16,000 and go short. Add to the position between 15,800 and 15,825. Book profits at 15,775.
TECH MAHINDRA
Current: Rs 2,474
Target: Rs 2,520
Keep a stop at Rs 2,450 and go long. Add to the position between Rs 2,500 and Rs 2,510. Book profits at Rs 2,520.
TATA STEEL
Current: Rs 486
Target: Rs 475
Keep a stop at Rs 491 and short. Add to the position between Rs 479 and Rs 481. Book profits at Rs 475.
ONGC
Current: Rs 408
Target: Rs 400
Keep a stop at Rs 413 and go short . Add to the position between Rs 403 and Rs 405. Book profits at Rs 400.
Target prices, projected movements in terms of the next session, unless otherwise stated
