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Today's picks

Nifty, Bank Nifty, Reliance Industries, Maruti & Tata Steel

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Devangshu Datta New Delhi
NIFTY
Current: 6,162 (futures: 6,196);
Target: NA
Stop-loss short positions at 6,250 and stop loss long positions at 6,150. Breakdowns or breakouts could hit 6,100 or 6,300 respectively. The previously recommended bearspread of long 6,200p (96) and short 6,100p (57) has gained but it can be held for further gains. (All futures prices above)

BANK NIFTY
Current: 11,036 (fut: 11,100);
Target: 11,800 (fut: 11,850)
Keep a stop at 11,225 and short. Add to the position between 11,950 and 11,975. Book profits below 11,850. (All futures prices above)

RELIANCE INDUSTRIES
Current price: Rs 842
Target price: Rs 820
Keep a stop at Rs 850 and short. Add to the position between Rs 825 and Rs 835. Book profits at Rs 820.

MARUTI
Current price: Rs 1,845
Target price: Rs 1,890
Keep a stop at Rs 1,825 and go long. Add to the position between Rs 1,855 and Rs 1,865. Book profits above Rs 1,890.

TATA STEEL
Current: Rs Rs 395
Target: Rs 384
Keep a stop at Rs 401 and go short. Add to the position between Rs 387 and Rs 390. Book profits below Rs 384.

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

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First Published: Jan 07 2014 | 10:28 PM IST

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