Today's picks

Nifty, Bank Nifty, Hindalco & Gail

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Devangshu Datta New Delhi
Last Updated : Mar 04 2014 | 10:31 PM IST
NIFTY
Current: 6,298 (fut: 6,330);
Target: NA
Stop-loss shorts at 6,375. Stop-loss long positions at 6,275. Breakouts or breakdowns could go till 6,225 or 6,400. A strangle of 6,400c (46) and 6,200p (38) is zero-delta and it could gain 20 on a big swing. (All futures prices above)

BANK NIFTY
Current: 10,929 (fut: 10,962);
Target: 11,125
Keep a stop at 10,875 and go long. Add to the position between 11,050 and 11,075. Book profits above 11,125.

HINDALCO
Current price: Rs 114;
Target price: Rs 110
Keep a stop at Rs 115 and go short. Add to the position between Rs 111 and Rs 112.5. Book profits below Rs 110.

GAIL
Current price: Rs 382;
Target price: Rs 389
Keep a stop at Rs 379 and go long. Add to the position between Rs 383 and Rs 385. Book profits above Rs 389.
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: Mar 04 2014 | 10:30 PM IST

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