Nifty
Current: 10,093 (fut: 10,105) Target: NA
Stop-long positions at 10,025.
Stop-short positions at 10175.
Big moves could go till 9,950, 10,250.
New high likely. A long 10,200c (37) short 10,300c (13)
bullspread could gain 10-15 if the index breaks 10,175.
Bank Nifty
Current: 24,780 (fut: 24,785)
Target: NA
Stop-long positions at 24,675.
Stop-short positions at 24,900.
Big moves could go till 25,100, 24,500.
Uptrend is likely to continue and new high possible.
Bharat Petroleum
Current price: Rs 534
Target price: Rs 545
Keep a stop at Rs 529 and go long.
Add to the position between Rs 540 and Rs 543. Book profits at Rs 545.
Tata Steel
Current price: Rs 683
Target price: Rs 695
Keep a stop at Rs 675 and go long.
Add to the position between Rs 690 and Rs 694.
Book profits at Rs 695.
Wipro
Current price: Rs 298
Target price: Rs 293
Keep a stop at Rs 301 and go short.
Add to the position between Rs 294 and Rs 295.
Book profits at Rs 293.
Target prices, projected movements in terms of next session, unless otherwise stated
Target prices, projected movements in terms of next session, unless otherwise stated