Today's picks

Nifty, DLF, Ranbaxy & IDFC

NIFTY
Current: 5,728 (futures: 5,756)
Target: NA
Another bounce from 5,675. But the index still seems bearish. Session limits could be 5,675, 5,800 with possible breakouts till 5,625 or 5,850. Stop loss shorts at 5,850 (futures price) and stop loss long positions at 5,700 (futures price). The long 5,700p (96) and short 5,600p (34) is still worth holding.

DLF
Current: Rs 137.85;
Target: Rs 131
New 52-week low at Rs 137-Rs 138. Keep a stop at Rs 142 and short. Add to the position between Rs 135 and Rs 137. Book profits at Rs 131.

RANBAXY
Current: Rs 262.5;
Target: Rs 250
New 52-week low at Rs 260-261. Keep a stop at Rs 269 and short. Add to the position between Rs 258 and Rs 260. Book profits below Rs 250.

IDFC
Current: Rs 105;
Target: Rs 101.25
New 52-week low at Rs 101 followed by a recovery on short-covering. Keep a stop at Rs 108 and short. Add to the position between Rs 102-103.5. Book profits at Rs 101 or book partial profits and hold for a target of Rs 98 with a stop loss at Rs 103.

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