Today's picks

Nifty, Bank Nifty, DLF & Bharti Airtel

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Devangshu Datta New Delhi
Last Updated : Sep 24 2013 | 10:35 PM IST
NIFTY
Current: 5,892 (fut: 5,917);
Target: NA
Use support at 5,850 and resistance at 5,950. The index could range-trade this zone or breakout till 5,775 or 6,025. If it's a big swing session, the straddle of long 5,900p (40) and long 5,900c (55) would gain due to breakevens being at 5,805 and 5,995.

BANK NIFTY
Current: 10,176 (fut: 10,202);
Target: 10,025
Keep a stop at 10,325 (futures price) and short. Add to the position between 10,150 and 10,200. Book profits below 10,025. A bounce beyond 10,325 could go till 10,400.

DLF
Current price: Rs 139.8;
Target price: Rs 135
Keep a stop at Rs 141.5 and short. Add to the position between Rs 137 and Rs 138. Book profits at Rs 135. A move past Rs 141.5 could mean a bounce till Rs 145.

BHARTI AIRTEL
Current price: Rs 329;
Target price: Rs 321
Keep a stop at Rs 334 and short. Add to the position between Rs 324 and Rs 327. Book profits below Rs 321. A rise beyond Rs 334 could mean a bounce till Rs 342.


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: Sep 24 2013 | 10:30 PM IST

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