NIFTY
Current: 7,971 (fut: 8,001),
Target: NA
Stop-loss long positions at 7,920. Stop-short positions at 8,030. Big moves could go till 8,100, 7,840. Downtrend seems more likely.
BANK NIFTY
Current: 17,147 (fut: 17,195)
Target: NA
Stop-loss long positions at 17,100. Stop- short positions at 17,300. Big moves could go till 17,000, 17,400. Downtrend seems more likely.
HINDALCO
Current price: Rs 80.05
Target price: Rs 78
Keep a stop at Rs 81 and go short. Add to the position between Rs 78.5 and Rs 79.5. Book profits at Rs 78.
POWERGRID
Current price: Rs 131
Target price: Rs 127
Keep a stop at Rs 133 and go short. Add to the position between Rs 128 and Rs 129. Book profits at Rs 127.
Target prices, projected movements in terms of next session, unless otherwise stated
