Nifty
Current: 9,438 (fut: 9,445) Target: NA
Stop-long positions at 9,390. Stop-short positions at 9,510. Big moves could go till 9,325, 9,575. A long 9,500c (26), long 9,400p (20) would break even if the index moved till 9,550, 9,350 by Thursday.
Bank Nifty
Current: 22,652 (futures: 22,685)
Target: NA
Stop-long positions at 22,570. stop-short positions at 22,800. Big moves could go till 22,350, 23,075. Bias towards continuing correction.
ITC
Current price: Rs 304
Target price: Rs 310
Keep a stop at Rs 301 and go long. Add to the position between Rs 307 and Rs
