Nifty
Current: 11,062 (fut: 11,098)
Target: NA
Stop-long positions at 10,990. Stop-short positions at 11,205. Big moves could go till 11,275, 10,900. Extra volatility likely. Trend will depend on MPC. A long 11,300c (58), long 10,900p (84) can be offset with short 11,400c (32), short 10,800p (63).
Bank Nifty
Current: 27,402 (fut: 27,466)
Target: NA
Stop-long positions at 27,275.
Stop-short positions at 27,625. Big moves could go till 28,000, 26,900. Extra volatility likely due to MPC. If there’s a rate cut, PSU banks may outperform.
Bajaj Finserv
Current price: Rs 6,209
Target price: Rs 6,310
Keep a stop at Rs 6,150 and go long. Add to the position between