Targets for 21-May-2015

Nifty Calls:

Current Level: 8423

Buy: Resistance @ 8450
Buy Nifty above 8450, with a target of 865-75-85, StopLoss: 8420

Sell: Support @ 8390
Sell Nifty below 8390, with a target of 8375-65-55, StopLoss: 8420

Stock Calls:

Buy Wipro Above 565

Current Market Price: 564

Target: 570-75-80
Stop Loss: 560

Buy Sun Pharma Above 970

Current Market Price: 958

Target: 977-85-90
Stop Loss: 963

Option Calls:

Buy Bank Nifty 18700-May-CE Above 205

Current Market Price: 170

Target: 220-235-250
Stop Loss: 190

Or

Buy Bank Nifty 18300-May-PE Above 180

Current Market Price: 155

Target: 195-205-220
Stop Loss: 160

(Note: When a stock or nifty crosses above or below the given levels, make sure that the successive candle also follows the same trend)