Today's picks

Nifty, Axis Bank, Infosys, Sesa Sterlite, L&T

NIFTY
Current: 6,168 (futures: 6,193);
Target: NA
Stop-loss shorts at 6,250 and stop-loss long positions at 6,150. Breakouts or breakdowns could go till 6,300 or 6,100, respectively. The bearspread of long 6,200p (83) and short 6,100p (54) can be held - it will gain 15-20 if the index drops below 6,125.

AXIS BANK

Current price: Rs 1,185;
Target price: Rs 1,150
Keep a stop-loss at Rs 1,210 and go short. Add to the position between Rs 1,160 and Rs 1,175. Book profits at Rs 1,150.

INFOSYS
Current price: Rs Rs 3,451;
Target price: Rs 3,535
Keep a stop at Rs 3415 and go long. Add to the position between Rs 3,475 and Rs 3,510. Book profits above Rs 3,535. If Rs 3,415 is broken, go short with a target of Rs 3,375 and a stop-loss at Rs 3,450.

SESA STERLITE
Current price: Rs 200;
Target price: Rs 208
Keep a stop at Rs 195 and go long. Add to the position between Rs 202 and Rs 205. Book profits above Rs 208.

L&T
Current: Rs 972;
Target: Rs 935
Keep a stop at Rs 995 and short. Add to the position between Rs 950 and Rs 970. Book profits profits below Rs 935.
The target prices and projected movements given above are in terms of the next one trading session, unless
otherwise stated