NIFTY
Current: 8,745 (fut: 8,759)
Target: NA
Stop-long positions at 7,690. Stop-short positions at 8,805. Big moves could go till 8,625, 8,875. A long 8,800c (9), 8,700p(8) has breakevens at 8,683, 8,817.
BANK NIFTY
Current: 19,654 (futures: 19,698)
Target: NA
Stop-long positions at 19,590. Stop-short positions at 19,810. Big moves could go till 19,350, 12,050. An uptrend is slightly more likely, given good advance-decline ratios and high futures premium over spot.
ZEE ENTERTAINMENT
Current price: Rs 548
Target price: Rs 556
Keep a stop at Rs 543 and go long. Add to the position between Rs 553 and Rs 554. Book profits at Rs 556.
AUROBINDO PHARMA
Current: Rs 869
Target: Rs 885
Keep a stop at Rs 860 and go long. Add to the position between Rs 877 and Rs 881. Book profits at Rs 885.
HINDALCO
Current: Rs 157
Target: Rs 154
Keep a stop at Rs 158.5 and go short. Add to the position between Rs 155 and Rs 155.75. Book profits at Rs 154.
Target prices, projected movements in terms of next session, unless otherwise stated
