Nifty
Current: 10,967 (fut: 10,982) Target: NA
Stop-long positions at 10,900. Stop-short positions at 11,075. Big moves could go till 11,125, 10,825 but movement likely to be muted on settlement. A long 11,100c (35), long 10,800p (29) offset by short 11,200c (15) , short 10,700p (18) costs 31. It will gain of the Fed Policy surprises.
Bank Nifty
Current: 27,298 (fut: 26,408)
Target: NA
Stop-long positions at 27,175. Stop-short positions at 27,500. Big moves could go
till 26,900, 27,800. Trend seems positive but newsflow from the Fed Meet will be a big influence.
BPCL
Current