Nifty
Current 10,808 (fut: 10,813), Target: NA
Stop long positions at 10,725. Stop short positions at 10,900. Big moves could go till 10,950, 10,675. A long 10,700p (51), 10,900c (50), short 10,600p (30), short 11,000c (24) has breakevens at 10,653, 10,947.
Bank Nifty
Current: 26,562 (fut:26,575)
Target: NA
Stop long positions at 26,450. Stop short positions at 26,700. Big moves could go till 27,000, 26,200. There could be some negative bias to the trend.
Indian Oil
Current price: Rs172
Target price: Rs168
Keep a stop at Rs174 and go short. Add to the position between Rs169 and Rs170. Book profits
at Rs168.
NTPC
Current