NIFTY
Current: 8,213 (fut: 8,213)
Target: NA
Stop-loss long positions at 8,150. Stop-short positions at 8,275. A strangle of long 8,100p (25), long 8,300c (23) will gain if either option is struck before Thursday.
BANK NIFTY
Current: 17,767 (futures: 17,796)
Target: 17,575 (futures: 17,625)
Keep a stop at 17,900 and short. Add to the position between 17,650 and 17,675. Book profits at 17,625.
CAIRN
Current price: Rs 208
Target price: Rs 204
Keep a stop at Rs 210 and short. Add to the position between Rs 205 and Rs 206. Book profits at Rs 204.
BHEL
Current price: Rs 226
Target price: Rs 221
Keep a stop at Rs 229 and short. Add to the position between Rs 223 and Rs 224. Book profits at Rs 221.
BHARTI AIRTEL
Current price: Rs 386
Target price: Rs 394
Keep a stop at Rs 383 and go long. Add to the position between Rs 391 and Rs 392. Book profits at Rs 394.
Target prices, projected movements in terms of next session, unless otherwise stated
