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Nifty, Bank Nifty, TCS, Bharti Airtel, Apollo Tyres & Apollo Tyres

NIFTY
Current: 6,319 (futures: 6,332);
Target: NA
Stop-loss shorts at 6,365 and stop-loss long positions at 6,265. Breakouts or breakdowns could go till 6,420 or 6,225. A bullspread of long 6,400c (36) and short 6,500c (12) could gain 15-20 if 6,400 is struck.

BANK NIFTY
Current: 11,092 (futures: 11,091);
Target: 10,925 (futures: 10,950)
Backwardation suggests potential bearish pressure. Keep a stop at 11,155 and go short. Add to the position between 11,025 and 11,050. Book profits below 10,950. (All futures prices)

TCS
Current price: Rs 2,350;
Target price: Rs 2,400
Keep a stop at Rs 2,335 and go long. Add to the position between Rs 2,365 and Rs 2,380. Book profits above Rs 2,400.

BHARTI AIRTEL
Current price: Rs 316;
Target price: Rs 302
Keep a stop at Rs 321 and go short. Add to the position between Rs 309 and Rs 312. Book profits below Rs 302.

APOLLO TYRES
Current: Rs 116;
Target: Rs 121
Keep a stop at Rs 112 and go long. Add to the position between Rs 118 and Rs 119. Book profits above Rs 121.

The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated