Current: 11,828 (fut: 11,879)
Stop-long positions at 11,725. Stop-short positions at 12,000. Big moves could go till 11,600, 12,175. Profit booking could pull the index back but it’s in an uptrend that depends on political newsflow. A long May 30, 11600p (140), long 12100c (137) has breakevens at 11423, 12377.
Current 30,760 (fut: 30,796)
Stop-long positions at 30,500. Stop-short positions at 31,000. Big moves could go till 30,250-31,300. Trend is bullish but expect some profit booking in the next two sessions.
Current price: Rs 400
Target price: Rs 412
Keep a stop at Rs 396 and go long. Add to the position between Rs 408-Rs 410. Book profits at Rs 412.
Current price: Rs 8,235
Target price: Rs 8,150
Keep a stop at Rs 8,300 and go short. Add to the position between Rs 8,160-Rs 8,180. Book profits at Rs 8,150.
Current price: Rs 362
Keep a stop at Rs 365 and go short. Add to the position between Rs 357-Rs 358. Book profits at Rs 356.