Nifty
Current: 8,222 (fut: 8,223), Target: NA
Stop-loss long positions at 8,170. Stop-short positions at 8,275. Big
moves could go till 8,350, 8,100. A long 8,300c (59), short 8,400c (27) could gain 10-15 if the index hits 8,300.
Bank Nifty
Current: 18,466 (fut: 18,490)
Target: NA
Stop-loss long positions at 18,390. Stop-short positions at 18,590. Big moves can go till 18,850, 18,150. Newsflow out of the Fed meeting will set the trend for next two sessions. As of now, trend is up.
BHEL
Current price: Rs 125.5
Target price: Rs 121.5
Keep a stop at Rs 127 and go short. Add to the position between Rs 122.5 and Rs 125. Book profits at Rs 121.5.
Tata Power
Current price: Rs 77.5
Target price: Rs 75.5
Keep a stop at Rs 78.5 and go short. Add to the position between Rs 76 and Rs 76.5. Book profits at Rs 75.5.
Wipro
Current price: Rs 464
Target price: Rs 472
Keep a stop at Rs 460 and go long. Add to the position between Rs 468 and Rs 470. Book profits at Rs 472.
Target prices, projected movements in terms of next session, unless otherwise stated