Nifty
Current: 7,019 (fut: 7,023),
Target: NA
Stop-loss long positions at 6,950. Stop-short positions at 7,100. Big moves could go till 6,900, 7,150. A straddle of long February 7,000c (45) and long February 7,000p (23) has breakevens at 6,950, 7,090 so traders don't expect big swings.
Bank Nifty
Current: 13,795 (fut: 13,805)
Target: NA
Stop-loss long positions at 13,695. Stop-short positions at 13,910. Big moves could go till 13,550, 14,050. Downtrend likely to continue into Budget settlement.
BHEL
Current price: Rs 93
Target price: Rs 91
Keep a stop at Rs 94 and short. Add to the position between Rs 91.75 and Rs 92.25. Book profits at Rs 91.
HDFC
Current price: Rs 1,022
Target price: Rs 1,035
Keep a stop at Rs 1,012 and go long Add to the position between Rs 1,032 and Rs 1035. Book profits at Rs 1,040.
ITC
Current price: Rs 287
Target price: Rs 283
Keep a stop at Rs 290 and go short. Add to the position between Rs 284 and Rs 285. Book profits at Rs 283.
Target prices, projected movements in terms of next session, unless otherwise stated
