NIFTY
Current: 7,881 (futures: 7,896)
Target: NA
Stop-long positions at 7,820. Stop-short positions at 8,005. A big move could go till 8,075, 7,725. A long 8,000c (39), short 8,100c (15) is expensive but it could work if short covering drives the index past 8,100.
BANK NIFTY
Current: 17,193 (fut: 17,203)
Target: NA
Stop-long positions at 17,125. Stop-short positions at 17,400. A big move could go till 17,600, 16,900. The high futures premium implies the Bank Nifty could open high.
HPCL
Current price: Rs 821
Target price: Rs 838
Keep a stop at Rs 810 and go long. Add to the position between Rs 830 and Rs 835. Book profits at Rs 838.
HINDALCO
Current price: Rs 80.5
Target price: Rs 77.5
Keep a stop at Rs 81.5 and go short. Add to the position between Rs 78 and Rs 79. Book profits at Rs 77.5.
HDFC
Current price: Rs 1,146
Target price: Rs 1,165
Keep a stop at Rs 1,135 and go long. Add to the position between Rs 1,155 and Rs 1,560. Book profits at Rs 1,165.
Target prices, projected movements in terms of next session, unless otherwise stated
