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Today's picks
NIFTY
Current: 4,924 (June futures: 4,927)
Target: NA
A big session could push the index down till 4,850 or lift it till 5,000. A bearspread of long 4,800p (80) and short 4,700p (55) costs 25 and could pay a maximum 75. It could gain 15-20 if the market drops by 50 points.
AXIS BANK
Current price: Rs 971
Target price: Rs 950
A fall till the Rs 940-950 level is likely. Keep a stop at Rs 985 and go
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