NIFTY
Current: 8,538 (fut: 8,581.40)
Target: NA
Stop-loss short positions at 8,650. Stop long positions at 8,500. A long 8,500p (55) and short 8,400p (29) would gain 10-15 if 8,500 is struck.
BANK NIFTY
Current: 18645.85 (futures: 18,732.10)
Target: 18450 (futures: 18,550)
Keep a stop at 18,825 and short. Add to the position between 18,600 and 18,625. Book profits at 18,550.
BHARTI AIRTEL
Current: Rs 378
Target: Rs 372
Keep a stop at Rs 382 and short. Add to the position between Rs 374 and Rs 375. Book profits at Rs 372.
HERO HONDA MOTORS
Current: Rs 3,194
Target: Rs 3,140
Keep a stop at Rs 3,230 and go short. Add to the position between Rs 3,165 and Rs 3,175. Book profits at Rs 3,140.
CIPLA
Current: Rs 650
Target: Rs 663
Keep a stop at Rs 644 and go long. Add to the position between Rs 658 and Rs 660. Book profits at Rs 663.
Target prices, projected movements in terms of next session, unless otherwise stated
