Today's picks

Nifty, Hind Unilever, Bharti Airtel, Wipro & HDFC Bank

NIFTY
Current: 5,895 (futures: 5,897);
Target: NA
The downtrend still seems in force. The futures premium is nominal and there's resistance at 5,925 and support at 5,880. A big session could move the index till 5,850 or 5,960. Stop loss long positions at 5,875 and stop loss shorts at 5,945. A bearspread of long 5,900p (66) and short 5,800p (29) could gain 10-15 if the index drops.

HIND UNILEVER
Current price: Rs 464.5;
Target price: Rs 475
The stock consolidated at support between Rs 450 and Rs 455 before moving up. It has a potential target of Rs 475-480. Keep a stop at Rs 458 and go long. Add to the position between Rs 468 and Rs 472. Book profits above Rs 475.

BHARTI AIRTEL

Current price: Rs 312;
Target price: Rs 300
The stock hit a one-month low and it is testing key support between Rs 310 and Rs 313. A fall below Rs 309 could take it down till Rs 296-300. On the upside, a bounce till Rs 319 is possible. Keep a stop at Rs 317 and short. Add to the position between Rs 306 and Rs 309. Book profits below Rs 300.

WIPRO
Current price: Rs 396;
Target price: Rs 385
The stock is testing key support between Rs 393 and Rs 396. If it falls below Rs 393, it could drop till Rs 385. Keep a stop at Rs 403 and short. Add to the position between Rs 389 and Rs 392. Book profits below Rs 385.

HDFC BANK
Current price: Rs 675;
Target price: Rs 695
The stock hit a one-month high on good volumes. It could have a target in the Rs 695-705 zone. Keep a stop at Rs 665 and go long. Add to the position between Rs 679 and Rs 685. Book profits above Rs 695.

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