Current: 11,470 (fut: 11,484), Target: NA
Stop-long positions at 11,400.
Stop-short positions at 11,555. Big moves could go till 11,605, 11,350.
A long 11,600c (55), long 11,300p (57) can be offset with short 11,700c (29), short 11,200p (40). The breakevens are at 11,257, 11,643.
Current: 28,320 (fut: 28,345)
Stop-long positions at 28,200. Stop-short positions at 28,500. Big moves could go till 28,650, 28,000. Trend still has positive bias.
Larsen & Toubro
Current price: Rs 1,275
Target price: Rs 1,255
Keep a stop at Rs 1,285 and go short. Add to the position between Rs 1,260 and Rs 1,265. Book profits at Rs 1,255.
Current price: Rs 193
Target price: Rs 189
Keep a stop at Rs 195 and go short. Add to the position between Rs 190 and Rs 191.
Book profits at Rs 189.
Target prices, projected movements in terms of next session, unless otherwise stated