NIFTY
Current: 8,475 (fut: 8,476),
Target: NA
Stop-loss shorts at 8,525. Stop long positions at 8,425. Big moves could go to 8,375 or 8,575. A long 8,500c (15), long 8,400p (4) would gain on a big move.
BANK NIFTY
Current: 17,975 (fut: 17,979)
Target: 18,105 (fut: 18,100)
Keep a stop at 17,900 and go long. Add to the position between 18,050 and 18,075. Book profits at 18,100.
ITC
Current price: Rs 363
Target price: Rs 356
Keep a stop at Rs 367 and short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 356.
JINDAL STEEL & POWER LTD
Current price: Rs 143
Target price: Rs 139
Keep a stop at Rs 145 and short. Add to the position between Rs 140 and Rs 141. Book profits at Rs 139.
BHARTI AIRTEL
Current price: Rs 393
Target price: Rs 400
Keep a stop at Rs 389 and go long. Add to the position between Rs 397 and Rs 398. Book profits at Rs 400.
Target prices, projected movements in terms of next session, unless otherwise stated
