NIITLTD: First assess overall market situation. If market environment is negatively biased, then go bearish. If it closes below 117.00 or trades below 116.00, go short with stoploss 126.25 and profit target 109.5, 106.5 & 103. Alternately, go short as it approaches 126 ( Bollinger Band, 20,2) with stoploss 132.25 (nearer swing high) and profit target 121.5, 118, 113 & 110.
If market shows strength, if NIITLTD closes above 124, go long with stoploss 116.90 and profit target 131.5, 136.
ESSAROIL: If market aligns with global cue and take deep plunge, then observe this stock. Go long as it approaches 233, with stoploss 219.95 and profit target 265, 284& 305.
