Nifty
Current: 8,476 (fut: 8,487) Target: NA
Stop long positions at 8,425. Stop short positions at 8,555. Big moves could go till 8,610, 8,370. Some upside bias. A long Jan 8,500c (17) would break even if the index crosses 8,517.
Bank Nifty
Current: 19,023 (futures: 19,065)
Target: NA
Stop long positions at 18,950. Stop short positions at 19,175. Big moves could go till 19,300, 18,800. There is some upside bias.
Bharti Airtel
Current: Rs 317
Target: Rs 310
Keep a stop at Rs 320 and go short. Add to the position between Rs 312 and Rs 314. Book profits at Rs 310.
HDFC
Current: Rs 1,281
Target: Rs 1,300
Keep a stop at Rs 1,265 and go long. Add to the position between Rs 1,292 and Rs 1,295. Book profits at Rs 1,300.
HCL Tech
Current: Rs 849
Target: Rs 836
Keep a stop at Rs 858 and go short. Add to the position between Rs 838 and Rs 840. Book profits at Rs 836.
Target prices, projected movements in terms of next session, unless otherwise stated
