Nifty
Current: 10,729 (fut: 10,712) Target: NA
Stop-long positions at 10,650. Stop-short positions at 10,775. Big moves could go till 10,825, 10,600 but movement likely to be muted on settlement. A short Dec 10900c (122), short Dec 10500p (119) can be sold with intention of buying back on Friday when premiums should be lower.
Bank Nifty
Current: 26,458 (futures: 26,408)
Target: NA
Stop-long positions at 26,300. Stop-short positions at 26,525. Big moves could go till 26,700, 26,100. Trend is negative but short covering could shore up the index until settlement.
Hindalco
Current price: Rs 216
Target price: Rs 212
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