Trading desk
Bharti Airtel, DLF & Wipro
Bharti Airtel
Current: Rs 337,
Target: Rs 345
It has a potential upside till around the Rs 345 level. Keep a stop at Rs 334 and go long. Increase the position between Rs 339and Rs 341. Above Rs 344, start booking profits. If the stop at Rs 334 is broken, a fall till Rs 327 is possible.
DLF
Current: Rs 366,
Target: Rs 375
The stock seems to be bottoming out at good support between Rs 362 and Rs 365. It has a potential upside till around Rs 375 and maybe Rs 380. Keep a stop at Rs 362 and go long. Increase the position between Rs 368 and Rs 370. Start booking profits beyond the Rs 375 mark.
Wipro
Current: Rs 430,
Target: 410
Massive selling has pushed the stock down from 490-plus. The next reliable support is at about 410. Keep a stop at 437 and go short. Increase the position between 423-426. Below 412, start booking profits. On the upside if 439 is broken, there could be a recovery till the 450 level.
(The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated)