NIFTY
Current: 8,201 (futures: 8,230)
Target: NA
Stop-loss long positions at 8,160. Stop-short positions at 8,300. Big moves could go till 8,350, 8,110. High volatility is likely. A long 8,100p (70), short 8,000p (47) could gain 10-15 if the index drops till 8,150.
BANK NIFTY
Current: 17,671 (fut: 17,675)
Target: NA
Stop-long positions at 17,550. Stop-short positions at 17,805. Big moves could go till 17,350, 18,000. High volatility is likely due to RBI policy statement. Trend seems mildly bearish.
TATA MOTORS
Current price: Rs 460
Target price: Rs 468
Keep a stop at Rs 456 and go long. Add to the position between Rs 464 and Rs 466. Book profits at Rs 468.
INFRATEL
Current price: Rs 376
Target price: Rs 371
Keep a stop at Rs 380 and go short. Add to the position between Rs 372 and Rs 373. Book profits at Rs 371.
HDFC
Current price: Rs 1,256
Target price: NA
Stop-loss long positions at Rs 1,244. Stop-short positions at Rs 1,268. Big moves could go till Rs 1,285, Rs 1,230. There is some downside bias.
Target prices, projected movements in terms of next session, unless otherwise stated
