Nifty
Current: 10,769 (fut: 10,758) Target: NA
Stop-long positions at 10,690. Stop-short positions at 10,825. Big moves could go till 10,875, 10,650. Trend is indeterminate. A long 10,800c (24), long 10,700p (20) has breakevens at 10,656, 10,744. If you don't think the index will move that much by settlement, you could sell this strangle.
Bank Nifty
Current: 26,602 (futures: 26,600)
Target: NA
Also Read
Stop-long positions at 26,475. Stop-short positions at 26,725. Big moves could go till 26,900, 26,300. Trend could have negative bias.
Tata Motors
Current price: Rs 277
Target price: Rs 272
Keep a stop at Rs 280 and go short. Add to the position between Rs 273 and Rs 274. Book profits at Rs 272.
NTPC
Current price: Rs 155.5
Target price: Rs 152
Keep a stop at Rs 157 and go short. Add to the position between Rs 152.5 and Rs 153.5. Book profits at Rs 152. Target prices, projected movements in terms of next session, unless otherwise stated.
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