Nifty
Current: 10,792 (fut 10,870)
Target: NA
Stop-long positions at 10,775. Stop-short positions at 10,950. Big moves could go till 11,025, 10,700. Newsflow will be critical. The market may see a relief rally if Indo-Pak tensions ease. A long Mar 07, 11,100c (23) and short 11,200c (6) bullspread may double in value if the index crosses 10950.
Bank Nifty
Current: 26,790 (fut: 26,985)
Target: NA
Stop-long positions at 26,825. Stop-short positions at 27,125. Big moves could go till 27,300, 26,650. Newsflow will be critical. Trend is unclear.
Coal India
Current price: Rs 228
Target price: Rs 224
Keep a stop at Rs