NIFTY
Current: 7,749 (futures: 7,762)
Target: NA
Stop-loss short positions at 7,815. Stop-loss long positions at 7,700. Big moves could go till 7,855, 7,645. A long 7,800c (21), long 7,700p (15) strangle has breakevens at 7,836, 7,664 and would be profitable if there is a bigger swing in the next two session.
BANK NIFTY
Current: 16,457 (fut: 16,519)
Target: NA
Stop-loss short positions at 16,625. Stop-long positions at 16,420. Big moves could go till 16,200, 16,800. The index has a downside bias.
ACC
Current price: Rs 1,446
Target price: Rs 1,470
Keep a stop at Rs 1,430 and go long. Add to the position between Rs 1,460 and Rs 1,465. Book profits at Rs 1,470.
ONGC
Current price: Rs 207
Target price: Rs 203
Keep a stop at Rs 209 and go short. Add to the position between Rs 204 and Rs 205. Book profits at Rs 203.
HIND UNILEVER
Current price: Rs 823
Target price: Rs 810
Keep a stop at Rs 830 and go short. Add to the position between Rs 813 and Rs 815. Book profits at Rs 810.
Target prices, projected movements in terms of next session, unless otherwise stated
