Nifty
Current: 10,295 (fut: 10,290), Target: NA
Stop-short positions at 10,350. Stop-long positions at 10,225.
Big moves could go till 10,175, 10,400.
The on-the-money straddle of 10,300c (24), 10,300p (32) has breakevens at 10,355, 10,245
So the market expectation is for a tightly ranged settlement session.
Bank Nifty
Current: 25,035 (fut: 24,992)
Target: NA
Stop-short positions at 25,100.
Stop-long positions at 24,900.
Big moves could go till 24,800, 25,200.
There could be some profit booking in PSUs but short-covering
in high-weighted private banks might balance that.
State Bank of India
Current price: Rs 325
Target price: Rs 315
Keep a
