Today's picks- 04 September 2014

Nifty, Bank Nifty, Coal India, Infosys & JP Associates

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Devangshu Datta
Last Updated : Sep 03 2014 | 10:32 PM IST
NIFTY
Current: 8,114 (fut: 8,143),
Target: NA
Stop-loss shorts at 8,200. Stop long positions at 8,075. Big moves could go till 8,250 or 8,025. A long 8,000p (49) and short 7,900p (29) would gain substantially on a move below 8,075.

BANK NIFTY
Current: 16,110 (fut: 16,192)
Target: 16,000 (fut: 16,050)
Keep a stop at 16,250 and short. Add to the position between 16,075 and 16,100. Book profits at 16,050. (All future prices only)

COAL INDIA
Current price: Rs 376
Target price: Rs 384
Keep a stop at Rs 372 and go long. Add to the position between Rs 380 and Rs 381. Book profits at Rs 384.

INFOSYS
Current price: Rs 3,734
Target price: Rs 3,800
Keep a stop at Rs 3,700 and go long. Add to the position between Rs 3,765 and Rs 3,775. Book profits at Rs 3,800.

JP ASSOCIATES
Current price: Rs 45.4
Target price: Rs 43
Keep a stop at Rs 47 and go short. Add to the position between Rs 43.5 and Rs 44. Book profits at Rs 43.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 03 2014 | 10:30 PM IST

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