 "Investors react as they watch the stock prices on a digital screen, at BSE building in Mumbai, Friday, Sept. 20, 2019. Sensex surges 1,921.15 pts to end at 38,014.62; Nifty zooms past 11,200 after Finance Minister Nirmala Sitharaman announced a slew")
Nifty
Current: 11,313 (fut: 11,362)
Target: NA
Stop long positions at 11275. Stop short positions at 11430. Big moves could go till 11200, 11500. The 11225-11325 zone is critical. Moves of 2 per cent above or below this zone will establish strong trends. A long Oct 17, 11200p (55), long 11500c (45) can be offset with short 11100p (35), short 11600c (22). This long-short strangle set has breakevens at about 11155, 11545.
Bank Nifty
Current: 28,786 (28,895)
Target: NA
Stop long positions at 28500. Stop short positions at 29200. Big moves could go till 28100, 29500. The index is critically poised
