Today's picks: Nifty, Bharti Airtel, Tata Steel, TCS, HDFC Bank

BHARTI AIRTEL
Current price: Rs 320
Target price: Rs 328
The stock is at a key resistance. If it moves above Rs 324, it could rise till Rs 328-330. Keep a stop at Rs 315 and go long. Add to the position between Rs 323 and Rs 326. Book profits above Rs 328.

TATA STEEL
Current price: Rs 407
Target price: Rs 390
The stock is at a key support of Rs 405-410. If it drops below Rs 409.5, it is likely to fall till Rs 385-390. If Rs 405-410 holds, a recovery till Rs 425 is likely. Keep a stop at Rs 415 and go short. Add to the position between Rs 396 and Rs 404. Book profits below Rs 390.

TCS

Current price: Rs 1,207
Target price: Rs 1,165
The stock could test support at Rs 1,155-1,165. Keep a stop at Rs 1,235 and short. Add to the position between Rs 1,180 and Rs 1,195. Book profits below Rs 1,165.

HDFC BANK
Current price: Rs 583
Target price: Rs 565
The stock is reacting from a recent high. It should find support between Rs 560 and Rs 565. Keep a stop at Rs 593 and go short. Add to the position between Rs 575 and Rs 580. Book profits below Rs 565.

NIFTY
Current: 5,197 (futures: 5,208)
Target: NA
The index appears to have made a breakdown. It could move till 5,125 or 5,275 in another swing session. Stop-loss shorts at 5,250 and stop-loss long positions at 5,150. Continue to hold the bearspread of long 5,200p (51) and short 5,100p (19). It could gain 20 if the Nifty drops to 5,150.