Today's picks

Nifty, Bank Nifty, Infosys, United Phosphorus & DLF

NIFTY
Current: 6,653 (fut: 6,678)
Target: NA
Stop long positions at 6,645 and stop shorts at 6,720. Breakouts could be till 6,575 or 6,775. The bearspread of long 6,700p (248) and short 6,600p (202) could gain 15-20 on a big drop. (All futures prices).

BANK NIFTY
Current: 12,938 (futures: 13,003)
Target: 12,725 (futures: 12,800)
Keep a stop at 13,075 and short. Add to the position between 12,875 and 12,900. Book profits at 12,800. (All futures prices).

INFOSYS
Current: Rs 3,067
Target: Rs 2,900
Keep a stop at Rs 3,110 and go short. Add to the position between Rs 3,010 and Rs 3,045. Book profits at Rs 2,990.

UNITED PHOSPHORUS
Current: Rs 283
Target: Rs 293
Keep a stop at Rs 279 and go long. Add to the position between Rs 287 and Rs 290. Book profits at Rs 293.

DLF
Current: Rs 140
Target: Rs 135
Keep a stop at Rs 142 and short. Add to the position between Rs 137 and Rs 139. Book profits at Rs 135.

Target prices, projected movements in terms of next session, unless otherwise stated