Nifty
Current: 9,978 (fut: 10,004), Target: NA
Stop long positions at 9,925. Stop short positions at 10,075. Big moves could go till 10,125, 9,875. A long 9,900p (69) and short 9,800p (45) bearspread could gain 15-20, if the index tests support at 9,900.
Bank Nifty
Current: 24,599 (fut: 24,705), Target: NA
Stop long positions at 24,600. Stop short positions at 24,810. Big moves could go till 25,050. 24,350. Correction may continue. A long 24,500p (48) is underpriced and will hit break-even at 24,450.
Hindalco
Current price: Rs 235
Target price:
Current: 9,978 (fut: 10,004), Target: NA
Stop long positions at 9,925. Stop short positions at 10,075. Big moves could go till 10,125, 9,875. A long 9,900p (69) and short 9,800p (45) bearspread could gain 15-20, if the index tests support at 9,900.
Bank Nifty
Current: 24,599 (fut: 24,705), Target: NA
Stop long positions at 24,600. Stop short positions at 24,810. Big moves could go till 25,050. 24,350. Correction may continue. A long 24,500p (48) is underpriced and will hit break-even at 24,450.
Hindalco
Current price: Rs 235
Target price:
