Today's picks

Nifty, Bank Nifty, Hero Motors, Bharti Airtel & Ranbaxy

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Devangshu Datta New Delhi
Last Updated : Mar 27 2014 | 10:49 PM IST
NIFTY
Current: 6,642 (futures: 6,689);
Target: NA

Stop-loss short positions at 6,745. Stop-loss long positions at 6,625. A bullspread of long 6,700c (108) and short 6800c (65) costs 43. It could gain 15-20 if the index moves past 6,750. (All futures prices above)

BANK NIFTY
Current: 12,605 (fut: 12,715);
Target: 12,775 (fut: 12,850)

The premium on the April contract is extremely high even for first session. Keep a stop at 12,665 and go long. Add to the position between 12,775 and 12,800. Book profits above 12,850. (All futures prices above)

HERO MOTORS
Current price: Rs 2,250;
Target price: Rs 2,315

Keep a stop at Rs 2,220 and go long. Add to the position between Rs 2,275 and Rs 2,300. Book profits above Rs 2,351.

BHARTI AIRTEL
Current price: Rs 309;
Target price: Rs 318

Keep a stop at Rs 303 and go long. Add to the position between Rs 312 and Rs 315. Book profits above Rs 318.

RANBAXY
Current price: Rs 347;
Target price: Rs 358

Keep a stop at Rs 341 and go long. Add to the position between Rs 352 and Rs 355. Book profits at Rs 358.
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 27 2014 | 10:30 PM IST

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