NIFTY
Current: 8,996 (fut: 9,057)
Target: NA
New high confirms the bullish trend. Stop-loss shorts at 9,120. Stop-long positions at 8,975. A long 9,200c (67), short 9,300c (38) costs 29 and it would double if the futures hits 9,150.
BANK NIFTY
Current: 19,963 (futures: 20,130)
Target: 20,180 (futures: 20,325)
Keep a stop at 19,970 and go long. Add to the position between 20,250 and 20,275. Book profits at 20,325.
TCS
Current: Rs 2,776
Target: Rs 2,825
Keep a stop at Rs 2,750 and go long. Add to the position between Rs 2,800 and Rs 2,210. Book profits at Rs 2,825.
HDFC
Current: Rs 1,368
Target: Rs 1,395
Keep a stop at Rs 1,350 and go long. Add to the position between Rs 1,380 and Rs 1,385. Book profits at Rs 1,395.
POWERGRID
Current: Rs 156
Target: Rs 160
Keep a stop at Rs 154 and go long. Add to the position between Rs 158 and Rs 159. Book profits at Rs 160.
Target prices, projected movements in terms of next session, unless otherwise stated
