Today's picks

Nifty, Bank Nifty, Hero Motors, Coal India & L&T

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Devangshu Datta New Delhi
Last Updated : May 12 2014 | 11:44 PM IST
Nifty
Current: 7,051 (fut: 7,014)
Target: NA
Stop-loss shorts at 7,100 and stop long positions at 6,995. Moves could go till 6,950 or 7,150. A bearspread of long 7,000p (244) and short 6,900p (202) could be very profitable on a downswing. (All future prices above)

Bank Nifty
Current: 14,085 (futures: 14,202)
Target: 14,275 (futures: 13,375)
Keep a stop at 14,075 and go long. Add to the position between 14,260 and 14,280. Book profits at 14,375. (All futures prices above)

Hero Motors
Current: Rs 2,303
Target: Rs 2,335
Keep a stop at Rs 2,285 and go long. Add to the position between Rs 2,315 and Rs 2,325. Book profits above Rs 2,335.

Coal India
Current: Rs 331
Target: Rs 318
Keep a stop at Rs 338 and go short. Add to the position between Rs 320 and Rs 325. Book profits at Rs 318.

L&T
Current: Rs 1,385
Target: Rs 1,415
Keep a stop at Rs 1,370 and go long. Add to the position between Rs 1,392 and Rs 1,405. Book profits above Rs 1,415.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 12 2014 | 10:22 PM IST

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