NIFTY
Current: 5,727 (futures: 5,735)
Target: NA
Another swing session could move the index between 5,800 and 5,650. Stop loss shorts at 5,755 and stop loss long positions at 5,675. A long November 5,800c (2) is unlikely to be struck but lucrative on a big uptrend. Perhaps best to avoid option positions since it will be a volatile settlement.
BHARTI AIRTEL
Current price: Rs 327
Target price: Rs 318
A surge on massive volume could mean profit booking and a pullback till Rs 315-318. Keep a stop at Rs 332 and short. Add to the position between Rs 321 and Rs 324. Book profits at Rs 318
ITC
Current price: Rs 294
Target price: Rs 300
Resistance at the 52-week high of Rs 299 could be tested today and a move past Rs 300 could mean a target of Rs 302-305. Keep a stop at Rs 291 and go long. Add to the position between Rs 296 and Rs 298. Book profits or partial profits between Rs 299 and Rs 300.
SESA GOA
Current price: Rs 172.5
Target price: Rs 167
The rise could see short covering and the stock could slide back till the Rs 164-166 levels. Keep a stop at Rs 175 and short. Add to the position between Rs 168 and Rs 170. Book profits below Rs 167.
AXIS BANK
Current price: Rs 1,290
Target price: Rs 1,310
The stock could hit a new high if it passes resistance at Rs 1,305-1,310. Keep a stop at Rs 1,280 and go long. Add to the position between Rs 1,294 and Rs 1,300. Book profits above Rs 1,310. A three-day target could be Rs 1,335, while a fall below Rs 1,280 could mean a slide till Rs 1,265.