NIFTY
Current: 8,491 (fut: 8,532)
Target: NA
Stop-loss shorts at 8,610. Stop-loss long positions at 8,450. A swing session could see the futures hit 8,400 or 8,650. A long 8,400p (82), short 8,300p (58) costs 24 and it could gain 15-20 on a drop below 8,450.
BANK NIFTY
Current: 18,207 (futures: 18,290)
Target: 17,920 (futures: 18,025)
Keep a stop at 18,400 and go short. Add to the position between 18,050 and 18,075. Book profits at 18,025.
TATA STEEL
Current price: Rs 317
Target price: Rs 312
Keep a stop at Rs 321 and short. Add to the position between Rs 313 and Rs 314. Book profits at Rs 312.
BPCL
Current price: Rs 811
Target price: Rs 825
Keep a stop at Rs 800 and go long. Add to the position between Rs 817 and Rs 820. Book profit at Rs 825.
HINDALCO
Current price: Rs 129
Target price: Rs 125
Keep a stop at Rs 131 and short. Add to the position between Rs 126 and Rs 127. Book profits at Rs 125.
Target prices, projected movements in terms of next session, unless otherwise stated
