NIFTY
Current: 7,499 (futures: 7,525)
Target: NA
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Stop-long positions at 7,445. Stop-short positions at 7,605. Big moves could go till 7,675, 7,375. Sentiment is somewhat bullish. A strangle of long 7,300p (26), long 7,700c (27) is zero-delta. If the FOMC meet establishes a trend, this could double in value over next 3-4 sessions.
BANK NIFTY
Current: 15,462 (futures: 15,553)
Target: NA
Stop-long positions at 15,425. Stop-short positions at 15,675, Big moves could go till 15,900, 15,200. Extra volatility is likely due to the FOMC meet. Trader sentiment seems optimistic.
LUPIN
Current: Rs 1750
Target: Rs 1720
Keep a stop at 1765 and go short. Add to the position between 1725-1735. Book profits at 1720.
HINDALCO
Current: Rs 81.5
Target: Rs 79.5
Keep a stop at Rs 82.5 and go short. Add to the position between Rs 80 and Rs 80.5. Book profits at Rs 79.5.
INFOSYS
Current: Rs 1,152
Target: Rs 1,170
Keep a stop at Rs 1,140 and go long. Add to the position between Rs 1,164 and Rs 1,168. Book profits at Rs 1,170.
Target prices, projected movements in terms of next session, unless otherwise stated
