Current: 7610 (Fut 7,580)
Stop long positions at 7,450. Stop short positions at 7,750. Big moves could go till 8,000, 7250. Be prepared for extreme volatility. A long 7,900c (200), short 8,000c (160) could gain 60 if there’s one short-covering session that pushes the index above 8,000 by settlement.
Current 17,018 (fut: 16,960)
Stop long positions at 16,775. Stop short positions at 17,200. Big moves could go till 17,500, 16,500. Be prepared for extreme volatility. Short-covering could pull the index up till 18,000. A long 17500c (710), short 18,000c (480) could have a payoff of 270 for a cost of 230.
Keep a stop at 69 and go short. Add to the position between 61-62. Book profits at 60.
Keep a stop at 132 and go short. Add to the position between 121-122. Book profits at 120.
Keep a stop at 330 and go long. Add to the position between 345-348. Book profits at 350.