Today's picks- 05 September 2014
Nifty, Bank Nifty, Hero MotoCorp, BHEL & NTPC
NIFTY
Current: 8,095 (fut: 8,137),
Target: NA
Stop-loss shorts at 8,200. Stop long positions at 8,050. Big moves could go till 8,025 or till 8,250. A long 8,000p (47) and short 7,900p (27) would gain substantially on a move below 8,050.
BANK NIFTY
Current: 16,033 (fut: 16,125)
Target: 15,900 (fut: 15,950)
Keep a stop at 16,175 and short. Add to the position between 15,975 and 16,000. Book profits at 15,950. (All futures prices)
HERO MOTOCORP
Current price: Rs 2,825
Target price: Rs 2,870
Keep a stop at Rs 2,800 and go long. Add to the position between Rs 2,845 and Rs 2,855. Book profits at Rs 2,870.
BHEL
Current price: Rs 227
Target price: Rs 221
Keep a stop at Rs 230 and short. Add to the position between Rs 223 and Rs 225. Book profits at Rs 221.
NTPC
Current price: Rs 142
Target price: Rs 138
Keep a stop at Rs 144 and short. Add to the position between Rs 140 and Rs 141. Book profits at Rs 138.
Current: 8,095 (fut: 8,137),
Target: NA
Stop-loss shorts at 8,200. Stop long positions at 8,050. Big moves could go till 8,025 or till 8,250. A long 8,000p (47) and short 7,900p (27) would gain substantially on a move below 8,050.
BANK NIFTY
Current: 16,033 (fut: 16,125)
Target: 15,900 (fut: 15,950)
Keep a stop at 16,175 and short. Add to the position between 15,975 and 16,000. Book profits at 15,950. (All futures prices)
HERO MOTOCORP
Current price: Rs 2,825
Target price: Rs 2,870
Keep a stop at Rs 2,800 and go long. Add to the position between Rs 2,845 and Rs 2,855. Book profits at Rs 2,870.
BHEL
Current price: Rs 227
Target price: Rs 221
Keep a stop at Rs 230 and short. Add to the position between Rs 223 and Rs 225. Book profits at Rs 221.
NTPC
Current price: Rs 142
Target price: Rs 138
Keep a stop at Rs 144 and short. Add to the position between Rs 140 and Rs 141. Book profits at Rs 138.
Target prices, projected movements in terms of next session, unless otherwise stated