Today's picks: 10 March 2015
Nifty, Bank Nifty, Coal India, Tata Steel & Cairn
NIFTY
Current: 8,712 (fut: 8,767)
Target: NA
Stop-loss long positions at 8,675. Stop-short positions at 8,850. Support at 8,650 may be tested. A long 8,600p (53), short 8,500p (33) could double if the futures drop till 8,650.
BANK NIFTY
Current: 19,054 (futures: 19,215)
Target: 18,875 (futures: 18,975)
Keep a stop at 19,350 and go short. Add to the position between 19,025 and 19,050. Book profits at 18,975.
COAL INDIA
Current: Rs 370
Target: Rs 365
Keep a stop at Rs 374 and short. Add to the position between Rs 366 and Rs 367. Book profits at Rs 365.
TATA STEEL
Current: Rs 332
Target: Rs 326
Keep a stop at Rs 336 and short. Add to the position between Rs 328 and Rs 329. book profits at Rs 326.
CAIRN
Current: Rs 231
Target: Rs 226
Target prices, projected movements in terms of next session, unless otherwise stated
Current: 8,712 (fut: 8,767)
Target: NA
Stop-loss long positions at 8,675. Stop-short positions at 8,850. Support at 8,650 may be tested. A long 8,600p (53), short 8,500p (33) could double if the futures drop till 8,650.
BANK NIFTY
Current: 19,054 (futures: 19,215)
Target: 18,875 (futures: 18,975)
Keep a stop at 19,350 and go short. Add to the position between 19,025 and 19,050. Book profits at 18,975.
COAL INDIA
Current: Rs 370
Target: Rs 365
Keep a stop at Rs 374 and short. Add to the position between Rs 366 and Rs 367. Book profits at Rs 365.
TATA STEEL
Current: Rs 332
Target: Rs 326
Keep a stop at Rs 336 and short. Add to the position between Rs 328 and Rs 329. book profits at Rs 326.
CAIRN
Current: Rs 231
Target: Rs 226
Keep a stop at Rs 234 and go short. Add to the position between Rs 227 and Rs 228. Book profits at Rs 226.
Target prices, projected movements in terms of next session, unless otherwise stated