NIFTY
Current: 8,712 (fut: 8,739)
Target: NA
Downtrend could test 8,675. Stop long positions at 8,675. Stop shorts at 8,825. A long 8,600p (99), short 8,500p (71) could gain 15-20 if the futures tests support at 8,675.
BANK NIFTY
Current: 19,038 (futures: 19,150)
Target: 18,850 (futures: 18,925)
Keep a stop at 19,250 and go short. Add to the position between 18,975-19,000. Book profits at 18,925.
WIPRO
Current: Rs 638
Target: Rs 649
Keep a stop at 632 and go long. Add to the position between 644-645. Book profits at 649.
JINDAL STEEL
Current: Rs 146
Target: Rs 142
Keep a stop at 148 and go short. Add to the position between 143-144. Book profits at 142
TATA STEEL
Current: Rs 379
Target: Rs 373
Keep a stop at 383 and go short. Add to the position between 375-376. Book profits at 373.
Target prices, projected movements in terms of next session, unless otherwise stated
