Stop long positions at 10,925. Stop short positions at 11,105. Big moves could go till 11,150, 10,800. A long Sep 05, 10,800p (32), short 10,700p (18) could gain 10-15 if the index tests 10,850.
Bank Nifty
Current: 27,305 (fut 27478)
Target: NA
Stop long positions at 27,250. Stop short positions at 27,600. Big moves could go till 27,750, 27,100. Trend remains negative.
Asian Paints
Current: Rs 1,615
Target: Rs 1,640
Keep a stop at 1,600 and go long. Add to the position between 1,632-1,638. Book profits at 1,40.
Tata Motors
Current: Rs 114
Target: Rs 110
Keep a stop at 116 and go short. Add to the position between 111-112. Book profits at 110.
YES Bank
Current: Rs 57.5
Target: Rs 55
Keep a stop at 58.5 and go short. Add to the position between 55.5 -56. Book profits at 55.
Target prices, projected movements in terms of next session, unless otherwise stated