Nifty
Current: 10,141 (fut: 10,169) Target: NA
Stop-long positions at 10,100. Stop-short positions at 10,225. Big moves could go till 10,300, 10,025, and the Fed's meet could park off a big session. A long 10,300c (14), long 10,000p (18) could gain in that case. Alternatively sell that wide strangle if you think the Nifty will not move 1 per cent before September 28.
Bank Nifty
Current: 24,965 (fut: 25,010)
Target: NA
Stop-long positions at 24,900.
Stop-short positions at 25,120. Big
moves could go till 24,700, 25,325. Trend looks slightly bearish.
ITC
Current price: Rs 271.5
Target price: Rs 276
Keep a stop at Rs 269.5 and go long. Add
to the position between Rs 274 and Rs 275. Book profits at Rs 276.
Ambuja Cements
Current price: Rs 280
Target price: Rs 276
Keep a stop at Rs282 and go short. Add to the position between Rs 277 and Rs 278. Book profits at Rs 276.
BPCL
Current price: Rs 494
Target price: Rs 484
Keep a stop at Rs499 and go short. Add to the position between Rs486 and Rs488. Book profits at Rs484.
