Nifty
Current: 11,828 (fut: 11,879)
Target: NA
Stop-long positions at 11,725. Stop-short positions at 12,000. Big moves could go till 11,600, 12,175. Profit booking could pull the index back but it’s in an uptrend that depends on political newsflow. A long May 30, 11600p (140), long 12100c (137) has breakevens at 11423, 12377.
Nifty Bank
Current 30,760 (fut: 30,796)
Target: NA
Stop-long positions at 30,500. Stop-short positions at 31,000. Big moves could go till 30,250-31,300. Trend is bullish but expect some profit booking in the next two sessions.
Adani Ports
Current price: Rs 400
Target price: Rs 412
Keep a stop at Rs 396 and go long. Add to the