NIFTY
Current: 7,931 (futures: 7,963)
Target: NA
Stop-loss short positions at 8,010.
Stop-loss long positions at 7,895. Big moves could go till 8,075, 7,850. A long 7,800p (70), short 7,700p (47) costs 23 and it could gain 10-15 if 7,875 is hit.
BANK NIFTY
Current: 17,219 (fut: 17,282)
Target: NA
Stop-short positions at 17,400. Stop-long positions at 17,150. Big moves could go till 17,550, 16,950. The downtrend may continue.
TATA STEEL
Current price: Rs 244
Target price: Rs 239
Keep a stop at Rs 246 and go short. Add to the position between Rs 240 and Rs 242. book profits at Rs 239.
BHEL
Current price: Rs 173
Target price: Rs 170
Keep a stop at Rs 175.5 and go short. Add to the position between Rs 171 and Rs 172. book profits at Rs 170.
HCL TECH
Current price: Rs 860
Target price: Rs 875
Keep a stop at Rs 862 and go long. Add to the position between Rs 869 and Rs 873. Book profits at Rs 875.
Target prices, projected movements in terms of next session, unless otherwise stated
