NIFTY
Current: 8,762 (fut: 8,773)
Target: NA
Stop-loss shorts at 8,825. Stop-long positions at 8,690. A long 8,700p (38), long 8,800c (22) will gain if either option is struck.
BANK NIFTY
Current: 18,883 (futures: 18,883)
Target: NA
Stop-loss short positions at 19,050. Stop- long positions at 18,750. There is downside bias -support at 18,650 may be tested if 18,750 breaks.
ONGC
Current: Rs 315
Target: Rs 306
Keep a stop at Rs 320 and go short. Add to the position between Rs 308 and Rs 309. Book profits at Rs 306.
HIND UNLIEVER
Current: Rs 914
Target: Rs 926
Keep a stop at Rs 905 and go long, Add to the position between Rs 922 and Rs 925. Book profits at Rs 926.
CIPLA
Current: Rs 677
Target: Rs 686
Keep a stop at Rs 670 and go long. Add to the position between Rs 683 and Rs 685. Book profits at Rs 686.
Target prices, projected movements in terms of next session, unless otherwise stated
