Business Standard

Today's picks

NIFTY, HDFC, LUPIN, ZEEL & AXIS BANK

Devangshu Datta  |  New Delhi 


Current: 6,069 (fut: 6,089);
Target: NA

The index continued to log gains. This session set a stop loss at 6,020 for long positions, and stop loss at 6,110 for shorts. The bullspread of long 6,100c (84) and short 6,200c (43) remains worth holding.

HDFC
Current price: Rs 885;
Target price: Rs 920
New high at Rs 895. Keep a stop at Rs 872 and go long with a three-session timeframe. Add to the position between Rs 895 and Rs 905. Book profits above Rs 920.

LUPIN
Current price: Rs 731;
Target price: Rs 750
The stock will test its 52-week high of Rs 738-739 again. Breakouts could go till Rs 750-755. Keep a stop at Rs 720 and go long. Add to the position between Rs 738 and Rs 745. Book profits beyond Rs 750.

ZEEL
Current price: Rs 246;
Target price: Rs 255
New high at Rs 247-248 on excellent volumes. Keep a stop at Rs 240 and go long. Add to the position between Rs 248 and Rs 250. Book profits at Rs 255.

AXIS BANK
Current price: Rs 1,490;
Target price: Rs 1,445
The stock could pull back till the Rs 1,435-1,445 level. Keep a stop at Rs 1,510 and go short. Add to the position between Rs 1,460 and Rs 1,475. Book profits below Rs 1,445.

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

First Published: Wed, May 08 2013. 22:26 IST
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