Today's picks

Nifty, Bank Nifty, LIC Hsg, Ranbaxy & Airtel

NIFTY
Current: 6,753 (futures: 6,796);
Target: NA
The Nifty remains in an uptrend. Stop-loss long positions at 6,730 and stop-loss shorts at 6,850. A bullspread of long 6,900c (45) and short 7,000c (21) could gain 15-20 if the Nifty goes to 6,850-plus.

BANK NIFTY
Current: 12,715 (fut: 12,831);
Target: 12,900 (fut: 12,975)
Keep a stop at 12,750 and go long. Add to the position between 12,875 and 12,900. Book profits at 12,975. (All futures prices)

LIC HSG
Current: Rs 248;
Target: Rs 260
Keep a stop at Rs 242 and go long. Add to the position between Rs 250 and Rs 253. Book profits at Rs 260.

RANBAXY
Current: Rs 404;
Target: Rs 385
A big bounce on positive news from the US Food and Drug Administration. Keep a stop at Rs 415 and short. Add to the position between Rs 395 and Rs 400. Book profits at Rs 385.

AIRTEL
Current: Rs 326;
Target: Rs 340
Keep a stop at 319 and go long. Add to the position between 329-332. Book profits at 340.

Target prices and projected movements in terms of next session unless stated otherwise