Current: 6,642 (futures: 6,689);
Target: NA
Stop-loss short positions at 6,745. Stop-loss long positions at 6,625. A bullspread of long 6,700c (108) and short 6800c (65) costs 43. It could gain 15-20 if the index moves past 6,750. (All futures prices above)
BANK NIFTY
Current: 12,605 (fut: 12,715);
Target: 12,775 (fut: 12,850)
The premium on the April contract is extremely high even for first session. Keep a stop at 12,665 and go long. Add to the position between 12,775 and 12,800. Book profits above 12,850. (All futures prices above)
HERO MOTORS
Current price: Rs 2,250;
Target price: Rs 2,315
Keep a stop at Rs 2,220 and go long. Add to the position between Rs 2,275 and Rs 2,300. Book profits above Rs 2,351.
BHARTI AIRTEL
Current price: Rs 309;
Target price: Rs 318
Keep a stop at Rs 303 and go long. Add to the position between Rs 312 and Rs 315. Book profits above Rs 318.
RANBAXY
Current price: Rs 347;
Target price: Rs 358
Keep a stop at Rs 341 and go long. Add to the position between Rs 352 and Rs 355. Book profits at Rs 358.
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