NIFTY
Current: 7,438 (Jan fut: 7,431)
Target: NA
Stop-long positions at 7,380. Stop-short positions at 7,480. Big moves could go till 7,320, 7,550. A long January 7,400p (20), long January 7,450c (19) has breakevens at 7,360, 7,490.
BANK NIFTY
Current: 15,535 (Jan fut: 15,517)
Target: NA
Stop-long positions at 15,425. Stop-short positions at 15,620. Big moves could go till 15,270, 15,760. The downtrend looks likely to continue.
HIND UNILEVER
Current price: Rs 768
Target price: Rs 780
Keep a stop at Rs 760 and go long. Add to the position between Rs 773 and Rs 776. Book profits at Rs 780.
NTPC
Current price: Rs 144
Target price: Rs 141
Keep a stop at Rs 145.5 and go short. Add to the position between Rs 142 and Rs 143. Book profits at Rs 141.
BHARTI AIRTEL
Current price: Rs 298
Target price: Rs 292
Keep a stop at 301 and go short. Add to the position between 293-295. Book profits at 292.
Target prices, projected movements in terms of next session, unless otherwise stated
