Nifty
Current: 8,435 (fut: 8,438) Target: NA
Stop loss long positions at 8,375. Stop loss short positions at 8,500. Big moves could go till 8,550, 8,325. Trend seems positive. A strangle of 8,400p (33), 85,00c (21) has breakevens at 8,346, 8,554. Four sessions to go - this may be a sell.
Bank Nifty
Current: 19,124 (futures: 19,145)
Target: NA
Stop loss long positions at 19,025. Stop short positions at 19,275. Big moves could go till 19,450, 18,850. Index seems range-bound between 19,050 and 19,250. Correction a little more likely.
Power Grid
Current: Rs 202
Target: Rs 206
Keep
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