NIFTY
Current: 8,543 (fut: 8,578)
Target: NA
Stop-loss short positions at 8,605. Stop-long positions at 8,475. If support near 8,550 breaks, a long 8,500p (11) would double or treble if it is struck.
BANK NIFTY
Current: 18,331 (futures: 18,390)
Target: 18,175 (futures: 18,200)
Keep a stop at 18,500 and short. Add to the position between 18,225 and 18,250. Book profits at 18,200.
JINDAL STEEL
Current price: Rs 157
Target price: Rs 151
Keep a stop at Rs 159 and short. Add to the position between Rs 153 and Rs 154. Book profits at Rs 151.
TATA STEEL
Current price: Rs 327
Target price: Rs 321
Keep a stop at Rs 331 and short. Add to the position between Rs 323 and Rs 324. Book profits at Rs 321.
SUN PHARMA
Current price: Rs 1,037
Target price: Rs 1,060
Keep a stop at Rs 1,025 and go long. Add to the position between Rs 1,050 and Rs 1,055. Book profits at Rs 1,060.
Target prices, projected movements in terms of next session, unless otherwise stated
