NIFTY
Current: 4,805 (Dec Fut:4,812)
Target: NA
The one-session expectation would be 4,675-4,925. Stop-loss short futures at 4,875 and long futures at 4,725. A zero-delta strangle of long 4,700p (96) and long 4,900c (90) can be offset with a short 4,600p (68) and short 5,000c (53). The net cost is 65. This position will gain a net 20-25 if there's a 100-point swing.
BHARTI AIRTEL
Current price: Rs 374
Target price: Rs 355
The stock hit resistance at around Rs 392-395 and started moving down. It's likely to test support at Rs 365-368. If it falls below Rs 365, it's likely to fall till Rs 355. Keep a stop at Rs 380 and short with a three-session perspective. Add to the position between Rs 362 and Rs 365. Book profits at Rs 355.
HIND UNILEVER
Current price: Rs 388
Target price: Rs 403
The FMCG major could buck the generally bearish trend. It has the potential to move till Rs 400-405 inside three sessions, testing its 52-week highs. Keep a stop at Rs 382 and go long. Add to the position between Rs 390 and Rs 394. Book profits above Rs 402.
The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated
