I have long position in April futures of NMDC bought at Rs 165.40. Kindly advise me on exit levels. – P. Subramanian

NMDC (Rs 160): The stock is ruling at a critical level. A close above Rs 164 has the potential to lift the stock towards Rs 180. On the other hand, if it fails to sustain Rs 164, the stock can touch Rs 145.

F&O pointers: The futures witnessed long accumulation. Options are not active.

Strategy: Exit if it fails to sustain Rs 164.

I bought two lots of Nifty futures April at 5195 on Thursday. Shall I book profit or hold? – S Saravana Perumal

Nifty (5322): The outlook remains neutral for Nifty. It is likely to move in the range of 5430 and 5220 in the immediate term. A close support could trigger a fresh sell-off in Nifty. In that event, it can go to 5008, 4823 and 4690. A close at 5430 could lift Nifty to 5565 levels while crucial resistance lies at 5610.

F&O pointers: Despite sharp gains on Friday, Nifty witnessed unwinding of long positions. This indicates that traders are not willing to carry their position and instead book profits. Option trading indicates negative bias as calls witnessed accumulation of open interest. Volatility index softened to 22.38, suggesting positive bias.

Strategy: Exit one position and hold the other with a stop loss at 5220.

I have sold April month series: Nifty call 5300 at Rs 98.20, Jubilant Foodworks at Rs 1,063 and bought IVRCL at Rs 62.80, PowerGrid at Rs 105. Suggest me a suitable strategy – Roshan

Nifty: If you can afford to take a risk, hold your position with a stop loss at 5440 (Nifty).

Jubilant Foodworks (Rs 1,165): The long-term outlook remains positive for Jubilant Foodworks. Only a close below Rs 710 would negate current bullish trend for the stock. It now finds support at Rs 994 and if the current rally sustains the stock could reach Rs 1,250.

F&O pointers: Open interest almost doubled on Friday, indicating strong hands behind the stock rally. Options are not active.

Strategy : Exit

IVRCL (Rs 67) : Despite the recent rally, the outlook remains negative for IVRCL. It finds immediate resistance at Rs 72 and support at Rs 64 and next one at Rs 54.

F&O pointers: It saw a positive build up in open positions while option trading suggests it faces strong resistance at Rs 70 and Rs 75.

Strategy: Book profits.

PowerGrid (Rs 109.15): The stock is likely to move in a narrow range. It has been moving in Rs 130-90 range for more than a year. It is likely to continue in that range.

F&O pointers: The futures witnessed a long build-up. Options are not active.

Strategy: Book profits. If you can afford, hold your long with a stop loss at your entry level.

I have taken 2 lots of R Power April 130 calls Rs 4.5. Advise whether I can hold them or not – Madhu Thirumalasetty

Reliance Power: The stock is ruling at crucial level. If it sustains Rs 115, the stock can reach Rs 135. On the other hand, a close below Rs 115 could drag the stock down to Rs 101.

F&O pointers : It saw marginal accumulation of long positions. Option trading indicates strong resistance for every uptick as calls added open positions.

Strategy: If you can afford write 140 call which closed at Rs 1.20. This would minimise your loss.

Note: The analysis and opinion expressed in this column are based on F&O data available at this point of time and on technical analysis based on past price movements. There is risk of loss in trading.

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