Nifty
Current: 8,485 (fut: 8,519),
Target: NA
Stop-long positions at 8,460. Stop-short positions at 8,580. Big moves could go till 8,635, 8,400. A long 8,400p (82), short 8,300p (56) could gain 15-20 if the futures hits 8,400.
Bank Nifty
Current: 19,178 (fut: 19,250)
Target: NA
Stop-long positions at 19,150. Stop-short positions at 19,350. Big moves could go till 19,550, 18,900. Downtrend may remain in force.
ITC
Current price: Rs 240
Target price: Rs 245
Keep a stop at Rs 238 and go long. Add to the position between Rs 243 and Rs 244. Book profits at Rs 245.
Wipro
Current price: Rs 446
Target price: Rs 440
Keep a stop at Rs 451 and go short. Add to the position between Rs 441 and Rs 442. Book profits at Rs 440.
Tata Steel
Current price: Rs 403
Target price: Rs 395
Keep a stop at Rs 407 and go short. Add to the position between Rs 397 and Rs 399. Book profits at Rs 395.
Target prices, projected movements in terms of next session, unless otherwise stated
