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Today's picks

Devangshu Datta/New Delhi 10 Jul 12 | 12:15 AM

NIFTY
Current: 5,275 (July futures: 5,279);
Target: NA
Another big session could move the index till 5,200 or till 5,350. Stop-loss long futures at 5,250 and stop-loss shorts at 5,300. The long strangle of long 5,400c (28) and long 5,100p (21) is asymmetric but it could gain 15-20 on a swing.

BANK NIFTY
Current: 10,588 (July futures: 10,575);
Target: 10,400
The financial index could react further till the 10,350-10,400 level. Keep a stop at 10,650 and short. Add to the position between 10,450 and 10,500. Book profits below 10,400.

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JINDAL STEEL & POWER
Current price: Rs 443;
Target price: Rs 425
A pullback till the Rs 420-425 level is possible. Keep a stop at Rs 451 and go short. Add to the position between Rs 430 and Rs 435. Book profits below Rs 425.

IDFC
Current price: Rs 140;
Target price: Rs 134
The stock could react further, moving down to the Rs 132-134 levels. Keep a stop at Rs 143 and go short. Add to the position between Rs 137 and Rs 139. Book profits below Rs 134. If Rs 143 is broken, reverse and go long.

MARUTI SUZUKI
Current price: Rs 1,188;
Target price: Rs 1,150
The stock could react for another couple of sessions sliding to support at Rs 1,135-1,150. Keep a stop at Rs 1,220 and go short. Add to the position between Rs 1,165 and Rs 1,175. Book profits below Rs 1,150.


 

The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated

Sensex

Company Price Gain (%)
B H E L283.004.35
Hind. Unilever789.152.71
Hindalco Inds.172.652.07
Tata Power Co.92.451.99
Infosys4,366.901.61

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