Nifty
Current: 9,621 (fut: 9,629), Target: NA
Stop-long positions at 9,570. Stop-short positions 9,700. Big moves could go till 9,750, 9,500. A long 9,500p (65), short 9,400p (45) could gain 10-15 if the index drops till 30.
Bank Nifty
Current: 23,425 (fut: 23,335) Target: NA
Backwardation visible. Stop-long positions at 23,250. Stop-short positions at 23,410. A long June 8, 23,000p (67), short 22,500p (12) would gain if the financial index falls in the next six sessions.
Vedanta
Current: Rs 239; Target: Rs 234
Keep a stop at Rs 241 and go short. Add to the position between Rs 235 and Rs 236. Book profits at Rs
