Today's picks

Nifty, Bank Nifty, Hindustan Unilever, IDFC & Lupin

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Devangshu Datta New Delhi
Last Updated : Apr 03 2014 | 10:30 PM IST
NIFTY
Current: 6,736 (futures: 6,774)
Target: NA
Stop-loss shorts at 6,815 and stop-loss long positions at 6,725. Breakouts or breakdowns could go till 6,850 or 6,650. A bearspread of long 6,700p (61) and short 6,600p (35) costs 26 and it could gain 15 if the index drops to 6,700.

BANK NIFTY
Current: 12,565 (futures: 12,655)
Target: 12,375 (futures: 12,450)
Keep a stop at 12,725 and go short. Add to the position between 12,550 and 12,575. Book profits at 12,450. (All futures prices)

HINDUSTAN UNILEVER
Current: Rs 606
Target: Rs 620
Keep a stop at Rs 599 and go long. Add to the position between Rs 610 and Rs 615. Book profits above Rs 620

IDFC
Current: Rs 125
Target: Rs 117
Keep a stop at Rs 129 and go short. Add to the position between Rs 119 and Rs 122. Book profits at Rs 117.

LUPIN
Current: Rs 978
Target: Rs 1,000
Keep a stop at Rs 968 and go long. Add to the position between Rs 985 and Rs 990. Book profits at Rs 1,000.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 03 2014 | 10:30 PM IST

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