NIFTY
Current: 7,955 (futures: 7,989)
Target: NA
Stop-loss short positions at 8,035. Stop-long positions at 7,895. Big moves could go till 7,850, 8,100. Downtrend may continue because Bihar exit polls don't favour BJP. A long 7,700p (55), short 7,600p (37) would gain 10-15 on a drop below 7,875.
BAANK NIFTY
Current: 16,995 (fut: 17,072)
Target: NA
Stop-loss short positions at 17,200. Stop- loss long positions at 16,975. Big moves could go till 17,400, 16,800. The trend could remain negative because Bihar exit polls don't favour BJP.
SUN PHARMA
Current price: Rs 816
Target price: Rs 796
Keep a stop at Rs 824 and go short. Add to the position between Rs 800 and Rs 805. Book profits at Rs 796.
COAL INDIA
Current price: Rs 337
Target price: Rs 331
Keep a stop at Rs 340 and go short. Add to the position between Rs 332 and Rs 334. Book profits at Rs 331.
TATA STEEL
Current price: Rs 225
Target price: Rs 229
Keep a stop at Rs 223 and go long. Add to the position between Rs 227 and Rs 228. Book profits at Rs 229.
Target prices, projected movements in terms of next session, unless otherwise stated
