Today's picks

Nifty, Bank Nifty, Reliance, Tata Power & L&T

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Devangshu Datta New Delhi
Last Updated : May 06 2014 | 10:32 PM IST
NIFTY
Current: 6,715 (fut: 6,747)
Target: NA
Stop-loss long positions at 6,690 and shorts at 6,810. Breakouts could be till 6,625 or 6,850. A bearspread of long 6,700p (220) and short 6,600p (175) will gain 15-20 if 6,700 is struck. (All future prices)

BANK NIFTY

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Current: 12,966 (futures: 13,066)
Target: 13,175 (futures: 13,275)
Keep a stop at 12,975 and go long. Add between 13,150 and 13,175. Book profits at 13,275. (All futures prices)

RELIANCE
Current: Rs 963
Target: Rs 980
Keep a stop at Rs 955 and go long. Add to the position between Rs 967 and Rs 971. Book profits at Rs 980. If Rs 955 breaks, RIL could hit Rs 945.

TATA POWER
Current: Rs 77.5
Target: Rs 74
Keep a stop at Rs 79 and short. Add between Rs 75 and Rs 76. Book profits at Rs 74. If Rs 79 breaks, the next target is Rs 81.

L&T
Current: Rs 1,300
Target: Rs 1,335
Keep a stop at Rs 1,285 and go long. Add between Rs 1,310 and Rs 1,325. Book profits at Rs 1,335.
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First Published: May 06 2014 | 10:10 PM IST

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