Today's picks

Nifty, Bank Nifty, Reliance Inds, Bharti Airtel & TCS

NIFTY
Current: 6,083 (fut: 6,069);
Target: NA
The index may keep a bullish bias, with high intra-day volatility. Today's trading range could be 6,000-6,175. Stop-loss shorts at 6,135 and stop-loss long positions at 6,025. A long 6,200c (5) could triple if the index moves beyond 6,150.

BANK NIFTY

Current: 12,961 (fut: 12,890);
Target: 13,150
The financial index futures are at a discount. The futures could hit 13,150-13,200. Keep a stop at futures level of 12,800 and go long. Add between 12,975 and 13,025. Book profits above 13,150.

RELIANCE INDS
Current price: Rs 828;
Target price: Rs 840
RIL has resistance between Rs 830 and Rs 840. If it closes above Rs 840, the next target would be Rs 870. Keep a stop at Rs 815 and go long. Add to the position between Rs 832 and Rs 836. Book partial profits at Rs 840 and hold the reduced position with a stop-loss at Rs 825 and a target of Rs 870.
 
BHARTI AIRTEL
Current price: Rs 309;
Target price: Rs 319
The stock could bounce till Rs 319-322. Keep a stop at Rs 303 and go long. Add to the position between Rs 312 and Rs 314. Book profits above Rs 319.

TCS
Current price: Rs 1,498;
Target price: Rs 1,535
The stock closed strong and a move till Rs 1,535-1,550 is possible. Go long with a stop-loss at Rs 1,480. Add to the position between Rs 1,502 and Rs 1,515. Book profits above Rs 1,535.

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