Today's picks

Nifty, Bank Nifty, DLF & Infosys

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Devangshu Datta New Delhi
Last Updated : Dec 23 2013 | 10:30 PM IST
NIFTY
Current: 6,285 (fut: 6,304);
Target: NA
Stop-loss shorts at 6,350. Stop-loss long positions at 6,250. A breakout/breakdown could go till 6,400 or 6,200 respectively. A strangle of long 6,400c (4.5) and long 6,200p (3.5) could hit a combined value of 20-plus if there's a big move.

BANK NIFTY

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Current: 11,379 (fut: 11,405);
Target: 11,200 (fut: 11,225)
Keep a stop at 11,475 and short. Add to the position between 11,300-11,325. Book profits below 11,225. (all futures prices)

DLF
Current price: Rs 170;
Target price: Rs 175
Keep a stop at Rs 168 and go long. Add to the position between Rs 172 and Rs 173.5. Book profits above Rs 175.

INFOSYS
Current price: Rs 3,469;
Target price: Rs 3,400
Keep a stop at Rs 3,500 and short. Add to the position between Rs 3,430 and Rs 3,445. Book profits below Rs 3,400.
Target prices & projected movements given are in terms of the next 1 trading session, unless otherwise stated

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First Published: Dec 23 2013 | 10:30 PM IST

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