Nifty
Current: 9,445 (fut: 9,456), Target: NA
Stop-long positions at 9,395. Stop-short positions at 9,510. Big moves could go till 9,575, 9,325. A long strangle of 9,400p (38), long 9,500c (38) has breakevens at 9,325, 9,575. One big session could pull that long strangle into profit.
Bank Nifty
Current: 22,821 (fut: 22,829)
Target: NA
Stop-short positions at 22,950, stop-long positions at 22,715. Big moves could go till 23,150, 22,500. Nifty Bank seems overbought and more likely to correct.
Tata Steel
Current price: Rs 456
Target price: Rs 446
Keep a stop at Rs 461 and go short. Add to the position between Rs 450 and Rs 452. Book profits
