Today's picks

Nifty, Axis Bank, DLF, BHEL & Coal India

NIFTY
Current: 6,291 (fut: 6,334);
Target: NA
Stop-loss long positions at 6,265 and stop loss short positions at 6,400. Breakouts/ breakdowns could go till 6,450 or 6,225 respectively. A bearspread of long 6,200p (54) and short 6,100p (33) could gain 15 if the index futures drop below 6,265. (All futures prices above)

AXIS BANK
Current: Rs 1,286;
Target: Rs 1,265
Keep a stop at Rs 1,300 and short. Add to the position between Rs 1,270 and Rs 1,282. Book profits below Rs 1,265.

DLF
Current price: Rs 166;
Target price: Rs 160
Keep a stop at Rs 169 and short. Add to the position between Rs 162 and Rs 164. Book profits below Rs 160.

BHEL
Current price: Rs 179;
Target price: Rs 174
Keep a stop at Rs 182 and short. Add to the position between Rs 176 and Rs 177. Book profits below Rs 174.

COAL INDIA
Current price: Rs 290;
Target price: Rs 297
Keep a stop at Rs 287 and go long. Add to the position between Rs 292 and Rs 295. Book profits at Rs 297.

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