Today's picks- 1 September 2015

Nifty, Bank Nifty, Vedanta, Coal India & Mahindra & Mahindra

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Devangshu Datta
Last Updated : Sep 01 2015 | 10:40 PM IST
NIFTY
Current: 7,786 (futures: 7,799)
Target: NA
Stop-loss long positions at 7,720. Stop-short positions at 7,860. A big move could go till 7,650, 7,950. The downtrend could continue. A long 7,500p (127), short 7,400p (102) costs 25. It could gain 15-20 if the futures drops below 7,675.

BANK NIFTY
Current: 16,530 (fut: 16,563)
Target: NA
Stop-loss long positions at 16,425. Stop-short positions at 16,675. Big moves may go till 16,250, 16,850. Short covering could pull Bank Nifty today but the major trend is down.

VEDANTA
Current price: Rs 95 
Target price: Rs 93
Keep a stop at Rs 96 and go short. Add to the position between Rs 93.75 and Rs 94.5. Book profits at Rs 93.

COAL INDIA
Current price: Rs 355
Target price: Rs 348
Keep a stop at Rs 359 and go short. Add to the position between Rs 350 and Rs 352. Book profits at Rs 348.

MAHINDRA & MAHINDRA
Current price: Rs 1,177
Target price: Rs 1,125
Keep a stop at Rs 1,205 and go short. Add to the position between Rs 1,140 and Rs 1,150. Book profits at Rs 1,125.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 01 2015 | 10:30 PM IST

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