Today's picks

Nifty, Bank Nifty, HDFC Bank, HCL Tech & L&T

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Devangshu Datta New Delhi
Last Updated : Apr 21 2014 | 10:38 PM IST
NIFTY
Current: 6,817 (futures: 6,827)
Target: NA
Stop-loss short positions at 6,865 and stop-loss long positions at 6,750. Breakouts and breakdowns could go till 6,700 or 6,900. A strangle of long 6,900c (6) and long 6,700p (3) could triple if the market sees a big move. (All futures prices)

BANK NIFTY
Current: 12,959 (futures: 12,988)
Target: 12,750
Keep a stop at 13,050 and short. Add to the position between 12,825 and 12,850. Book profits at 12,750. (All futures prices above).

HDFC BANK
Current: Rs 716
Target: Rs 685
Keep a stop at Rs 730 and go short. Add to the position between Rs 690 and Rs 700. Book profits at Rs 685.

HCL TECH
Current: Rs 1,440
Target: Rs 1,470
Keep a stop at Rs 1,425 and go long. Add to the position between Rs 1,445 and Rs 1,455. Book profits above Rs 1,470.

L&T
Current: Rs 1,323
Target: Rs 1,365
Keep a stop at Rs 1,300 and go long. Add to the position between Rs 1,335 and Rs 1,350. Book profits above Rs 1,365.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 21 2014 | 10:30 PM IST

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