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Nifty
Current: 10,763 (fut: 10,775), Target: NA
Stop-long positions at 10,690. Stop-short positions at 10,855. Big moves could go till 10,925, 10,625. The index is a key resistance zone close to the 200-DMA. A long 10,900c (45), long 10,600p (50) would gain if the index moves beyond breakevens at 10,995, 10,505.
Bank Nifty
Current: 26,300 (fut: 26,345)
Target: NA
Stop-long positions at 26,225. Stop-short positions at 26,475. Big moves could go till 26,750, 25,950. Excess volatility likely and trend likely to depend on newsflow about RBI Board meeting.
ITC
Current price: Rs 285
Target price: Rs 290
Keep a stop at Rs 282 and go long. Add to
