Current: 6,328 (fut: 6,347);
Target: NA
Stop-loss short positions at 6,400 and stop-loss long positions at 6,280. Breakouts or breakdowns could go till 6,425 or 6,225. A bullspread of long 6,400c (46) and short 6,500c (17) costs 29 and it could gain 15-20 if the index tests 6,400. (All futures prices above)
BANK NIFTY
Current: 10,098 (fut: 11,099);
Target: 10,900
Keep a stop at 11,175 and go short. Add to the position between 10,950 and 10,975. Book profits below 10,900. If 11,175 is beaten, the index could go till 11,300. (All futures prices above).
IDFC
Current price: Rs 102.7;
Target price: Rs 106
Keep a stop at Rs 101 and go long. Add to the position between Rs 103.5 and Rs 104.5. Book profits at Rs 106.
BHARTI AIRTEL
Current price: Rs 283;
Target price: Rs 290
Keep a stop at Rs 279 and go long. Add to the position between Rs 286 and Rs 288. Book profits at Rs 290.
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