Current: 11,008 (fut: 11,027), Target: NA
Stop-long positions at 10,945. Stop-short positions at 11,105. Big moves could go till 11,150, 10,900. A long 10,900p (36), long 11,100c (41) can be offset with a short 10,800p (21), short 11,200c (17). The position costs 39, with breakevens at 11,139, 10,961.
Bank Nifty
Current: 27,008 (futures: 27,063)
Target: NA
Stop-long positions at 26,900. Stop-short positions at 27,200. Big moves could go till 27,350, 27,750. Trend may be slightly positive.
Indian Oil
Current price: Rs 165
Target price: Rs 168
Keep a stop at Rs 163 and go long. Add to the position between Rs 166 and Rs 167.
Book profits at Rs 168.
Bharti Airtel
Current price: Rs 342
Target price: Rs 337
Keep a stop at Rs 345 and go short. Add to the position between Rs 338 and Rs 339.
Book profits at Rs 337.
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