NIFTY
Current: 8,128 (fut: 8,135),
Target: NA
Stop-loss long positions at 8,070. Stop-short positions at 8,200. Big moves could go till 8,260, 8,000. A long 8,100p (33), short 8,000p(12) breaks even at just above 8,075.
BANK NIFTY
Current: 17,562 (fut: 17,550)
Target: NA
Stop-loss long positions at 17,450. Stop-loss short positions at 17,650. Big moves could go till 17,200, 17,900. Sector trend continues to look bearish.
HCL TECH
Current price: Rs 713
Target price: Rs 700
Keep a stop at Rs 721 and go short. Add to the position between Rs 703 and Rs 706. Book profits at Rs 700.
IDEA CEELLULAR
Current price: Rs 104.5
Target price: Rs 107
Keep a stop at Rs 103 and go long. Add to the position between Rs 106 and Rs 106.5. Book profits at Rs 107.
TATA MOTORS
Current price: Rs 440
Target price: Rs 432
Keep a stop at Rs 445 and go short. Add to the position between Rs 434 and Rs 436. Book profits at Rs 432.
Target prices, projected movements in terms of next session, unless otherwise stated
