Being an event heavy day - expect more than the usual volatility. The markets will consolidate in a range of 32800-33900 (9690-10000). Only a move outside of this band will take the markets further up or down in the direction of the move. However, I will stick my neck out and trade for an upward breakout from this band. Trade on the long side of the markets with a closing SL at 32950 (9730).
As I have mentioned in the past also, even if you trade only in the cash segment and not in Futures & Options, do not trade outside the universe of the F&O permitted stocks.
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.