 "Stock brokers look to set up shop overseas to tap rising interest from NRIs")
Nifty
Current: 10,790 (fut: 10,807)
Target: NA
Stop-long positions at 10,725. Stop-short positions at 10,880. Big moves could go till 10,930, 10,675. Trend could turn negative due to big resistance at 10,900. A long 10,700p (41), short 10,600p (23) could gain 15-20 if the index slips below 10,725.
Bank Nifty
Current: 27,052 (fut: 27,115)
Target: NA
Stop-long positions at 26,975. Stop-short positions at 27,250. Big moves could go till 27,450, 26,775. Trend uncertain, could go negative with strong resistance at 27,175-27,200.
Powergrid
Current price: Rs 182
Target price: Rs 186
Keep a stop at Rs 180 and go long. Add to the position between Rs 184 and Rs 185.
Book profits at
