Today's picks

Nifty, Maruti Suzuki, Cairn India, Idea & Bank of Baroda

NIFTY
Current: 5,243 (futures: 5,258);
Target: NA
The index could move till 5,175, or 5,350. Stop-loss short positions at 5,275 and stop-loss long positions at 5,225. A long 5,200p (18) and long 5,300c (22) will gain 15-20 if either option is struck.

MARUTI SUZUKI
Current price: Rs 1,117;
Target price: Rs 1,055
Violence at the Manesar plant triggered a big sell-off. A fall till the Rs 1,045-1,055 level is likely. Keep a stop at Rs 1,150 and go short. Add to the position between Rs 1,080 and Rs 1,095. Book profits below Rs 1,055.

CAIRN INDIA
Current price: Rs 325;
Target price: Rs 339
The stock jumped on high volumes. There's room for a rise till Rs 340-345. Keep a stop at Rs 317 and go long. Add to the position between Rs 325 and Rs 329. Book profits above Rs 339.

IDEA
Current price: Rs 80;
Target price: Rs 75
The stock could fall till Rs 73-75. Keep a stop at Rs 83 and go short. Add to the position between Rs 77 and Rs 79. Start booking profits below Rs 75.

BANK OF BARODA
Current price: Rs 696;
Target price: Rs 670
The stock is testing key support. If it drops below Rs 690, it could fall till Rs 665-670. Keep a stop at Rs 710 and go short. Add to the position between Rs 685 and Rs 690. Book profits below Rs 670.

 

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