NIFTY
Current: 8,723 (fut: 8,733),
Target: NA
Stop-loss short positions at 8,805. Stop-long positions at 8,645. Big moves could go till 8,600, 8,855, the key support is at 8,650. A long 8,700p (36), short 8,600p (13), would gain 10-15 if the index falls below 8,675.
BANK NIFTY
Current: 19,592 (fut: 19,645)
Target: NA
Stop-loss long positions at 19,545. Stop-short positions at 19,755. Big moves could go till 19,325, 20,025. Downtrend could continue if key support at 19,550 is broken.
ONGC
Current price: 249.5
Target price: Rs 245
Keep a stop at Rs 252 and go short. Add to the position between Rs 246 and Rs 247. Book profits at Rs 245.
IDEA CELLULAR
Current price: Rs 80.3
Target price: Rs 78.5
Keep a stop at Rs 81.5 and go short. Add to the position between Rs 29 and Rs 29.5 Book profits at Rs 78.5 .
LARSEN & TOUBRO
Current price: Rs 1,465
Target price: Rs 1,440
Keep a stop at Rs 1,489 and go short. Add to the position between Rs 1,445 and Rs 1,450. Book profits at Rs 1,440.
Target prices, projected movements in terms of next session, unless otherwise stated
