Index Outlook
Nifty Future
The Nifty is expected to trade between 11300 and 11500 amid high volatility. Sell Nifty 11500 Call (September 10 expiry) in
the range of | 56-58 Target: | 42-32 Stop loss : | 72
Bank Nifty Future
The Bank Nifty continued its downtrend for a second consecutive day. Selling intensified in PSU as well as private banks
with SBI, Axis Bank and IndusInd Bank the biggest losers. Call writers shifted their positions lower as aggressive OI
additions were seen in 23500 and 24000 strikes, which are key hurdles on upsides. Thus, negative bias is expected to be
maintained as long as it holds below 23500. Sell Bank Nifty in the range of 23100-23150, Target: 22925-22800, Stop loss:
23250
Buy MARUTI SEP Fut at | 7220.00-7225.00 Sell COLPAL SEP Fut at | 1365.00-1367.00
CMP: 7224 CMP: 1365
Target 1: 7313 Target 2: 7448 Target 1: 1353.1 Target 2: 1333.9
Stop Loss: 7133 Stop Loss: 1378.9