Today's picks

Nifty, Bank Nifty, Tata Steel, Sesa Sterlite & BHEL

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Devangshu Datta New Delhi
Last Updated : Jan 21 2014 | 10:41 PM IST
NIFTY
Current: 6,314 (fut: 6,330);
Target: NA
Stop-loss shorts at 6,375 and stop-loss long positions at 6,275. Breakouts or breakdowns could go till 6,425 or 6,225. A bullspread of long 6,350c (41) and short 6,450c (11) could gain 20-25 if the index hits 6,400. (All futures prices above)

BANK NIFTY
Current: 11,172 (fut: 11,205);
Target: 11,000 (fut: 11,050)
Keep a stop at 11,250 and go short. Add to the position between 11,100 and 11,125. Book profits at 11,050. (All futures prices above)

TATA STEEL
Current price: Rs 384;
Target price: Rs 392
Keep a stop at Rs 380 and go long. Add to the position between Rs 386 and Rs 389. Book profits at Rs 392.

SESA STERLITE
Current price: Rs 209;
Target price: Rs 214
Keep a stop at Rs 206 and go long. Add to the position between Rs 210 and Rs 211. Book profits above Rs 214.

BHEL
Current price: Rs 170;
Target price: Rs 163
Keep a stop at Rs 173 and short. Add to the position between Rs 166 and Rs 167. Book profits below Rs 163.
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: Jan 21 2014 | 10:36 PM IST

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