Editor's Take on Economy Package:
Package bigger than expectation
12.20 Lakh Cr additional relief will come
On Vedanta Delisting:
Indicative Price very low, delisting offer may not be successful
Buy Vedanta Futures:
SL 87 Tgt 98, 102, 105
Retail Investors should not tender in delisting offer
13th May Strategy:
Global: Negative
FII: Negative
DII: Neutral
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
Big volatility expected, closing above 9550 and 19750 on Nifty and Bank Nifty is most important
Nifty 9250-9375 Day Support Zone, 9450-9600 Higher Range
Bank Nifty 18500-18850 Day Support Range, Bank Nifty 19650-19950 Higher Range
Nifty Support levels 9250, 9300, 9375, Nifty Higher levels 9450, 9500, 9550, 9600
Bank Nifty Support levels 18950, 19250, 19350, Bank Nifty Higher levels 19500, 19600, 19750, 19900
For Existing Long Positions:
Nifty intraday n Closing SL 9250
Bank Nifty intraday n Closing SL 18850
For Existing Short Positions:
Nifty intraday SL 9500 n Closing SL 9300
Bank Nifty intraday n Closing SL 19350
For New Positions:
Buy Nifty:
SL 9250 Tgt 9400, 9450, 9500, 9550
Sell Nifty in 9500-9600 range:
SL 9650 Tgt 9400, 9375, 9300
Buy Bank Nifty:
SL 18850 Tgt 19350, 19500, 19650, 19750, 19900
Sell Bank Nifty in 19700-19900 range:
SL 20100 Tgt 19500, 19350, 19250
PCR 1.28, VIX t 38.21
In F&O Ban: Vodafone Idea
