Trading desk

Bharti Airtel, L&T & TCS

BHARTI AIRTEL
Current Price: Rs 348,
Target Price: Rs 358
The stock seems to have bottomed after a recent correction. It has a potential upside till around the Rs 360 level with resistance starting around Rs 355. Keep a stop at Rs 342 and go long. Add to the position between Rs 351 and Rs 353. Start booking profits above Rs 357.

L&T
Current Price: Rs 2,078,
Target Price: Rs 2,120
The stock's moved up sharply after a recent correction. The trend could be sustained till the Rs 2,120 level but that may take around three sessions. Keep a stop at Rs 2,070 and go long. Add to the position between Rs 2,090 and 2,095. Start booking profits above Rs 2,115.

TCS
Current Price: Rs 993,
Target Price: Rs 1,020
The stock has made an upside breakout on high volumes. Difficult to judge targets since it's in a new zone. However, it could move till Rs 1020-1025. Keep a stop at Rs 980 and go long. Increase the position between Rs 1,000 and Rs 1,005 and reset the stop to Rs 995. Start booking profits above Rs 1,015.

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