Today's picks

Nifty, Sun Pharma, Reliance Ind & IDFC

NIFTY
Current: 5,748 (fut: 5,765);
Target: NA
The uptrend held and got stronger. Assume a futures premium of 20. Today could see the index swing between 5,690 and 5,810. Stop loss shorts at 5,780. Stop loss long positions at 5,700. The bullspread of long 5,800c (57) and short 5,900c (24) could gain 10-15 if 5,800 is hit.

SUN PHARMA
Current price: Rs 851
Target price: Rs 875
The stock hit a new 52-week high of Rs 853-854. It could have an initial target of Rs 875-880. Keep a stop at Rs 840 and go long. Book profits or partial profits above Rs 875.

RELIANCE IND
Current price: Rs 794
Target price: Rs 820
The stock could climb back till the Rs 820-830 levels. Keep a stop at Rs 782 and go long. Add to the position between Rs 805 and Rs 815. Book profits above Rs 820.

IDFC
Current price: Rs 147
Target price: Rs 153
The stock could run up till Rs 153-Rs 155. Keep a stop at Rs 143 and go long. Add to the position between Rs 148 and 150. Book profits above Rs 153.

The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated