NIFTY
Current: 7,949 (futures: 7,991)
Target: NA
Stop-loss short positions at 8,030. Stop-short positions at 7,870. Big moves could go 8,100, 7,800. A long 8,200c (90), short 8,300c ( 59) could gain 10-15 if the rally continues till 8,075.
BANK NIFTY
Current: 17,214 (fut: 17,338)
Target: NA
Stop-loss short positions at 17,500. Stop-long positions at 17,225. Big moves could go till 17,600, 17,100. The rally seems likely to continue.
NMDC
Current price: Rs 97
Target price: Rs 94.5
Keep a stop at Rs 98.5 and short. Add to the position between Rs 95 and Rs 96. Book profits at Rs 94.5.
TATA STEEL
Current price: Rs 226
Target price: Rs 221
Keep a stop at Rs 229 and go short. Add to the position Rs 223 and Rs 224. Book profits at Rs 221.
BHEL
Current price: Rs 232
Target price: Rs 237
Keep a stop at 229 and go long. Add to the position between 235-236. Book profits at 237.
Target prices, projected movements in terms of next session, unless otherwise stated
