Today's picks

Nifty, Bank Nifty, Reliance Inds, Bharti Airtel & TCS

NIFTY
Current: 6,083 (fut: 6,069);
Target: NA
The index may keep a bullish bias, with high intra-day volatility. Today's trading range could be 6,000-6,175. Stop-loss shorts at 6,135 and stop-loss long positions at 6,025. A long 6,200c (5) could triple if the index moves beyond 6,150.

BANK NIFTY

Current: 12,961 (fut: 12,890);
Target: 13,150
The financial index futures are at a discount. The futures could hit 13,150-13,200. Keep a stop at futures level of 12,800 and go long. Add between 12,975 and 13,025. Book profits above 13,150.

RELIANCE INDS
Current price: Rs 828;
Target price: Rs 840
RIL has resistance between Rs 830 and Rs 840. If it closes above Rs 840, the next target would be Rs 870. Keep a stop at Rs 815 and go long. Add to the position between Rs 832 and Rs 836. Book partial profits at Rs 840 and hold the reduced position with a stop-loss at Rs 825 and a target of Rs 870.

BHARTI AIRTEL
Current price: Rs 309;
Target price: Rs 319
The stock could bounce till Rs 319-322. Keep a stop at Rs 303 and go long. Add to the position between Rs 312 and Rs 314. Book profits above Rs 319.

TCS
Current price: Rs 1,498;
Target price: Rs 1,535
The stock closed strong and a move till Rs 1,535-1,550 is possible. Go long with a stop-loss at Rs 1,480. Add to the position between Rs 1,502 and Rs 1,515. Book profits above Rs 1,535.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated