NIFTY
Current: 6,139 (fut: 6,153);
Target: NA
Stop-loss shorts at 6,200 and stop loss long positions at 6,100. Breakouts or breakdowns could go till 6,050 or till 6,250. A bearspread wioth long 6,100p (50) and short 6,000p (22) could gain 20 if the 6,100 level is hit.
BANK NIFTY
Current: 11,208 (fut: 11,210);
Target: NA
The financial index could swing between 10,700 and 11,700 today. Current trend looks bearish but a favourable RBI policy could alter that. Stop-loss shorts at 10,500 and stop loss long positions at 11,000. A bearspread of long 11,000p (149) and short 10,500p (39) costs 110 and it could double or treble in value on a downtrend.
BHARTI AIRTEL
Current price: Rs 327;
Target price: Rs 317
Keep a stop at Rs 332 and go short. Add to the position between Rs 321 and Rs 325. Book profits below Rs 315.
CIPLA
Current price: Rs 388 ;
Target price: Rs 396
Keep a stop at Rs 382 and go long. Add to the position between Rs 390 and Rs 393. Book profits above Rs 396.
Target prices & projected movements given are in terms of the next 1 trading session, unless otherwise stated
