NIFTY
Current: 7,959 (fut: 8,008)
Target: NA
Excess volatility likely due to RBI policy review. Stop-loss long positions at 7,925. Stop shorts at 8,085. Big moves could go till 7,850 or 8,150. A long 7,900p (72) and short 7,800p (46) costs 26 and could gain 15-20 on a big slide.
BANK NIFTY
Current: 15,473 (fut: 15,550);
Target: NA
Extreme volatility possible. The Bank Nifty could hit 15,750-plus on a policy rate cut (unlikely). A rate hike (very unlikely) may bring it below 15,300.Unchanged rate could mean a target of 15,350.
SUN PHARMA
Current: Rs 836
Target: Rs 850
Keep a stop at Rs 827 and go long. Add to the position between Rs 842 and Rs 845. Book profits at Rs 850.
INFOSYS
Current: Rs 3,749
Target: Rs 3,800
Keep a stop at Rs 3,720 and go long. Add to the position between Rs 3,775 and Rs 3,790. Book profits at Rs 3,800.
DLF
Current: Rs 158.3
Target: Rs 153
Keep a stop at Rs 161 and short; Add to the position between Rs 155 and Rs 156. Book profits
at Rs 153.
Target prices, projected movements in terms of next session, unless otherwise stated
