Nifty
Current: 8,142 (fut: 8,177) Target: NA
Stop-loss long positions at 8,070. Stop-short positions at 8,215. Big moves could go till 8,300, 8,000. Major resistance at 8,150-8,200. A long 8,000p (83), short 7,900p (60) could gain 15-20 on a drop below 8,100. Trend went bearish late in the session.
Bank Nifty
Current: 18,224 (futures: 18,314)
Target: NA
Stop-loss long positions at 18,200. Stop-short positions at 18,430. Big moves could go till 18,000, 18,600. Trend went bearish late in the session.
Eicher Motors
Current price: Rs 21,294
Target price: Rs 20,800
Keep a stop at Rs 21,500 and go short. Add to the position between Rs 20,900 and Rs 21,000. Book profits at Rs 20,800.
Ambuja Cements
Current: Rs 205
Target: Rs 200
Keep a stop at Rs 207 and go short. Add to the position between Rs 201 and Rs 202. book profits at Rs 200.
Sun Pharma
Current: Rs 707
Target: Rs 720
Keep a stop at 700 and go long. Add to the position between 713-716. Book profits at 720.
Target prices, projected movements in terms of next session, unless otherwise stated
