NIFTY
Current: 6,057 (futures: 6,083 )
Target: NA
A new high at 6,068 confirms the uptrend is strong. A big session could go till 6,100 or 6,000. Stop loss long positions at 6,000. Stop loss shorts at 6,080. A bullspread of long 6,100c (51) and short 6,200c (19) has gained but it could rise by another 10-15 if the index crosses 6,100.
BHARTI AIRTEL
Current price: Rs 345
Target price: Rs 355
The stock has risen from Rs 290 levels inside 20 trading sessions. It has resistance at Rs 350 and if it crosses that, Rs 355-358 is possible. Keep a stop at Rs 338 and go long. Add to the position between Rs 350 and Rs 352. Book profits above Rs 355.
AMBUJA CEMENT
Current price: Rs 198
Target price: Rs 205
The price has bounced from support at Rs 184-185. It could test the Rs 205-208 zone in the next three sessions. Keep a stop at Rs 194 and go long. Add to the position between Rs 199 and Rs 200. Book profits above Rs 205.
SESA GOA
Current price: Rs 194
Target price: Rs 202
The stock is consolidating at Rs 191-194. It could make a breakout till the Rs 202-204 levels. Keep a stop at Rs 192 and go long. Add to the position between Rs 196 and Rs 198. Book profits above Rs 202.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated