Today`s picks

Nifty, DLF, Bharti Airtel, Bank of Baroda & Larsen & Toubro

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Devangshu Datta New Delhi
Last Updated : Feb 01 2013 | 12:10 AM IST

NIFTY
Current: 6,034 (futures: 6,067)
Target: NA
The index could rally till 6,095 or fall till 5,075 with futures at around 25-30 points premium. Stop-loss shorts at 6,065 and stop-loss long positions at 6,010. Options are still overpriced due to carryover and may decline over next two sessions.

DLF
Current price: Rs 279
Target price: Rs 286
A pullback till Rs 273 is possible but the trend still looks up. Keep a stop at Rs 273 and go long with an initial target of Rs 285-286 and a three-session timeframe. Add to the position between Rs 280 and Rs 282. Book profits or partial profits at Rs 285.

BHARTI AIRTEL
Current price: Rs 339.5
Target price: Rs 327
The stock could react till support at Rs 327 or lower, at Rs 321 if it breaks support at Rs 337. Keep a stop at Rs 345 and short. Add to the position between Rs 333 and Rs 336. Book profits at Rs 327.

BANK OF BARODA
Current price: Rs 866
Target price: Rs 885
The stock has range traded Rs 830-870 and closed near the top. A breakout could take it to Rs 885 or higher. A reaction could mean a pullback till Rs 830-835. Keep a stop at Rs 856 and go long. Add to the position between Rs 872 and Rs 880. Book profits or partial profits above Rs 885.

LARSEN & TOUBRO
Current price: Rs 1,544
Target price: Rs 1,520
The stock could react till Rs 1,510-1,520 if it breaks support at Rs 1,535. Keep a stop at Rs 1,553 and go short. Add to the position between Rs 1,525 and Rs 1,535. Book profits below Rs 1,520.

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: Feb 01 2013 | 12:10 AM IST

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