Nifty
Current: 10,806 (fut: 10,807), Target: NA
Stop-long positions at 10,700. Stop-short positions at 10,900. Big moves could go till 10,950, 10,650. Be prepared for excess volatility due to Karnataka Assembly results. A long 10,600p (60), long 11,000c (30) is zero-delta with higher put premium. Breakevens at 11,090, 10,510.
Bank Nifty
Current: 26,475 (fut: 26,430)
Target: NA
Stop-long positions at 26,300. Stop-short positions at 26,550. Big moves could go till 26,850, 26,000. Be prepared for excess volatility due to Karnataka Assembly results.
NTPC
Current price: Rs 171
Target price: Rs 175
Keep a stop at Rs 169 and go long. Add to the position between Rs 173 and
