Nifty
Current 11,690 (fut: 11,729)
Target: NA
Stop-long positions at 11,640. Stop-short positions at 11,800. Big moves could go till 11,850, 11,600. A long Apr 25, 11,600p (42) long 11,800c (50) offset by short 11,500p (25), short 11,900c (21) costs 46 with breakevens at 11846, 11,554.
Bank Nifty
Current: 30,105 (fut: 30,185)
Target: NA
Stop-long positions at 30,025. Stop-short positions at 30,300. Big moves could go till 30,500, 29,800. Trend is mildly positive.
Infosys
Current price: Rs 727
Target price: Rs 715
Keep a stop at Rs 735 and go short. Add to the position between Rs 716 and Rs 719. Book profits at Rs 715.
HDFC Bank
Current price: Rs 2,289
Target price: