Key Indian indices are likely to open on a subdued note today following mixed cues from other Asian markets. Back home, the derivatives contract expiry due on Thursday is likely to keep the markets choppy.
Key Events For The Day:
Quarterly Results: Bhushan Steel, Jindal Saw, Jindal Stainless.
US Memorial Day.
UK Spring Bank Holiday.
Derivative Strategy For The Day:
Sell NIFTY (CMP: 5985) with a Target of 5925 with a Stoploss of 6015.
Sell CIPLA (CMP: 409) with a Target of 403 & a Stoploss of 412.
Buy LT (CMP: 1457) with a Target of 1471 & a Stoploss of 1450.
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