NIFTY
Current: 8,230 (fut: 8,235),
Target: NA
Stop-loss shorts at 8,305. Stop-long positions at 8,160. A long May 8,100p (80), short May 8,000p (60) costs 20 and it could double if the index drops below 8,150.
BANK NIFTY
Current: 18,302 (fut: 18,347)
Target: NA
The Bank Nifty could swing between 18,100 and 18,500 on settlement day. The trend is uncertain. Axis Bank, Bank of Baroda and YES Bank will be the most volatile.
WIPRO
Current price: Rs 542
Target price: Rs 534
Keep a stop at Rs 547 and short. Add to the position between Rs 535 and Rs 537. Book profits at Rs 534.
ONGC
Current price: Rs 306
Target price: Rs 302
Keep a stop at Rs 309 and short. Add to the position between Rs 303 and Rs 304. Book profits at Rs 302.
ITC
Current price: Rs 328
Target price: Rs 321
Keep a stop at Rs 332 and short. Add to the position between Rs 324 and Rs 325. Book profits at Rs 321.
Target prices, projected movements in terms of next session, unless otherwise stated
