Keep your eyes on #BHARTIARTL, it's looking good to go long for the short term as well as the long term. It has created an inverse head & shoulder pattern on daily charts and also came out of the downtrend recently.
Intraday Buy: Above 700(15 mins closing)
Target 1: 707
Target 2: 722
Stop loss: 695
700 CE can also be bought.
One can take positions in F&O as well. Currently the IV (Implied Volatility) of the stock is very low, that's why the options are very cheap. But if it crosses 700 levels and sustains above that for sometime then we can see a huge short covering rally which in turn will increase the IV of the stock. An increase in IV will result in a greater increase in option prices.
I'll come up with a detailed study pertaining to long term investors.