Today's picks

Nifty, Bank Nifty, DLF, Infosys & M&M

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Devangshu Datta New Delhi
Last Updated : Oct 09 2013 | 10:39 PM IST
NIFTY
Current: 6,007 (futures: 6,053);
Target: NA
A breakout above 6,050 has a target of 6,125-6,150. A fall below 5,975 could mean a drop till 5,900. Stop-loss long positions at 5,975 and stop shorts at 6,105. The bullspread of long 6,100c (120) and short 6,200c (77) could gain another 10-15 if 6,100 is crossed. (All futures prices).

BANK NIFTY
Current: 10,335 (futures: 10,400)
Target: 10,050 (futures: 10,125)
Keep a stop at 10,525 and short. Add to the position between 10,275 and 10,300. Book profits below 10,125. If 10,525 is broken, a rise till 10,650 is possible. (All futures prices).

DLF
Current: Rs 147;
Target: Rs 140
Keep a stop at Rs 150 and short. Add to the position between Rs 141 and Rs 144. Book profits below Rs 140.

INFOSYS
Current: Rs 3,110;
Target: Rs 3,080
The stock could test resistance near its 52-week high at Rs 3,188. Keep a stop at Rs 3,075 and go long. Add to the position between Rs 3,125 and Rs 3,150. Book profits or partial profits above Rs 3,080.

M&M
Current: Rs 851;
Target: Rs 875
Keep a stop at Rs 840 and go long. Add to the position between Rs 859 and Rs 865. Book profits above Rs 875.
The target prices and projected movements are in terms of the next trading session, unless otherwise stated
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First Published: Oct 09 2013 | 10:30 PM IST

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