NIFTY
Current: 8,660 (fut: 8,690)
Target: NA
Stop-loss long positions at 8,600. Stop-short positions at 8,775. Nifty could swing to 8,825 or 8,500 on unexpected RBI action.
BANK NIFTY
Current: 18,605 (fut: 18,663)
Target: NA
Excess volatility likely. Stop-loss at 150 points from futures entry price. Upside till 19,050 on an (unlikely) rate cut. A long 18,000p (172), 19,000c (260) costs 430 with breakevens at 17,570, 19,430.
SUN PHARMA
Current price: Rs 1,169
Target price: Rs 1,190
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,181 and Rs 1,185. Book profits at Rs 1,190.
TATA STEEL
Current price: Rs 318
Target price: Rs 313
Keep a stop at Rs 321 and short. Add to the position between Rs 314 and Rs 315. Book profits at Rs 313.
NTPC
Current price: Rs 152
Target price: Rs 155
Keep a stop at Rs 150 anf go long. Add to the position between Rs 154 and Rs 154.5. Book profits at Rs 155.
Target prices, projected movements in terms of next session, unless otherwise stated
