Today's Picks- 08 August 2014

Nifty, Bank Nifty, Sesa Sterlite, Jindal Steel & ACC

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Devangshu Datta
Last Updated : Aug 07 2014 | 10:39 PM IST
NIFTY
Current: 7,649 (fut: 7,679)
Target: NA
Stop-loss shorts at 7,735. Stop long positions at 7,610. Big moves could go till 7,800 or 7,550. A long 7,600c (65) and short 7,500p (38) could gain 10-15 if 7,600 is hit. (All futures prices )

BANK NIFTY
Current: 14,987 (futures: 15,075)
Target: 14,850 (futures: 14,925)
Keep a stop at 15,150 and short. Add to the position between 14,975 and 15,000. Book profits at 14,925.
(All futures prices)

SESA STERLITE
Current: Rs 285
Target: Rs 278
Keep a stop at Rs 288 and go short. Add to the position between Rs 280 and Rs 282. Book profits at Rs 278.

JINDAL STEEL
Current: Rs 282
Target: Rs 289
Keep a stop at Rs 279 and go long. Add to the position between Rs 284 and Rs 286. Book profits at Rs 289.

ACC
Current: Rs 1,473
Target: Rs 1,510
Keep a stop at Rs 1,455 and go long. Add to the position between Rs 1,485 and Rs 1,495. Book profits at Rs 1,510.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 07 2014 | 10:30 PM IST

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