Nifty
Stop long positions at 11,990. Stop short positions at 12,160. Big moves could go till 11,900, 12,225. A long Dec 26 11,900p (36), short 11,800p (22) could gain 15-20 if the market drops below 11900.
Bank Nifty
Stop long positions at 31,850. Stop short positions at 32,175. Big moves could go till 32,400, 31,650. Trend has a negative bias.
Indian Oil Corp
Keep a stop at Rs 127.5 and go short. Add to the position between Rs 123.5-Rs 124. Book profits at Rs 123.
ITC
Keep a stop at Rs 240 and go short. Add to the position between Rs 233-Rs 234. Book profits at Rs
