Nifty
Current: 10,231 (fut: 10,255), Target: NA
Stop-long positions at 10,175. Stop-short positions at 10,325. Big moves could go till 10,375, 10,125. A butterfly of long 10,200c (98), two short 10,300c (43x2), long 10,400c (17) costs 29 and it could pay a maximum of 71 at an index value of 10,300.
Bank Nifty
Current: 24,703 (fut: 24,756)
Target: NA
Stop-long positions at 24,625. Stop-short positions at 24,875. Big moves could go till 25,000, 24,500. The financial index is much less bullish than the broader market.
Bajaj Finance
Current price: Rs 1,886
Target price: Rs 1,855
Keep a stop at Rs 1,905 and