Today's picks

Nifty, Bank Nifty, IDFC, BHEL & TCS

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Devangshu Datta New Delhi
Last Updated : Jan 15 2014 | 10:33 PM IST
NIFTY
Current: 6,321 (futures: 6,328);
Target: NA
Stop-loss long positions at 6,275. Stop-loss shorts at 6,375. Breakouts/breakdowns beyond these points could go till 6,420 or 6,225. A bullspread of long 6,400c (38) and short 6,500c (14) could gain 15-20 if the 6,400 level is crossed. (All futures prices above)

BANK NIFTY

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Current: 11,125 (fut: 11,143);
Target: 11,275 (fut: 11,325)
Keep a stop at 11,075 and go long. Add to the position between 11,225 and 11,250. Book profits above 11,325. (All futures prices above).

IDFC
Current: Rs 102.35;
Target: Rs 107
Keep a stop at Rs 100.5 and go long. Add to the position between Rs 103 and Rs 104. Book profits above Rs 107.

BHEL
Current: Rs 166.5;
Target: Rs 172
Keep a stop at Rs 163 and go long. Add to the position between Rs 168 and Rs 169. Book profits above Rs 172.

TCS
Current: Rs 2,353;
Target: Rs 2,410
Keep a stop at Rs 2,320 and go long. Add to the position between Rs 2,370 and Rs 2,390. Book profits above Rs 2,410.
Target prices and projected movements in terms of next session unless stated otherwise
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First Published: Jan 15 2014 | 10:30 PM IST

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