NIFTY
Current: 8,057 (fut: 8,075)
Target: NA
Stop-loss long positions at 7,990. Stop- short positions at 8,155. A move beyond those limits could go to 7,925, 8,225. A long 7,500p (20), long 8,500c (20) can be held with a 10-session perspective.
BANK NIFTY
Current: 17,335 (fut: 17,384)
Target: NA
Support at 17,250 will be tested. If it breaks, the financial index could slide till 17,000. If it holds, a bounce till 17,500 may come on short covering. A long 17,000p (300), short 16,500p (152) could gain 50-75 if 17,000 is hit.
HCL TECH
Current price: Rs 921
Target price: Rs 940
Keep a stop at Rs 910 and go long. Add to the position between Rs 930 and Rs 935. Book profits at Rs 940.
CAIRN INDIA
Current price: Rs 205
Target price: Rs 201
Keep a stop at Rs 208 and short Add to the position between Rs 202 and Rs 203. Book profits at Rs 200.
TATA MOTORS
Current price: Rs 488
Target price: Rs 480
Keep a stop at Rs 493 and go short. Add to the position between Rs 481 and Rs 483. Book profits at Rs 480.
Target prices, projected movements in terms of next session, unless otherwise stated
