Today's picks
Nifty, Bank Nifty & Bhel
NIFTY
Current: 6,221 (futures: 6,231);
Target: NA
The index could be reaching for a new high. Stop-loss shorts at 6,275 and stop-loss long positions at 6,150. Breakouts beyond 6,275 might take the Nifty to a new all-time high of 6,400-plus. A long 6,300c (12) and short 6,400c (2) could triple if 6,300 is struck.
BANK NIFTY
Target: 11,450
Keep a stop at 11,075 and go long. Add to the position between 11,300 and 11,325. Book profits above 11,450.
BHEL
Current: Rs 136.35;
Target: Rs 140
Keep a stop at Rs 134 and go long. Add to the position between Rs 138 and Rs 139. Book profits above Rs 140.
Target prices, projected movements in terms of next session, unless otherwise stated
Current: 6,221 (futures: 6,231);
Target: NA
The index could be reaching for a new high. Stop-loss shorts at 6,275 and stop-loss long positions at 6,150. Breakouts beyond 6,275 might take the Nifty to a new all-time high of 6,400-plus. A long 6,300c (12) and short 6,400c (2) could triple if 6,300 is struck.
BANK NIFTY
Also Read
Current: 11,242; (futures: 11,265)
Target: 11,450
Keep a stop at 11,075 and go long. Add to the position between 11,300 and 11,325. Book profits above 11,450.
BHEL
Current: Rs 136.35;
Target: Rs 140
Keep a stop at Rs 134 and go long. Add to the position between Rs 138 and Rs 139. Book profits above Rs 140.
Target prices, projected movements in terms of next session, unless otherwise stated