Today's picks

Nifty, Bank Nifty,Tata Consultancy Services, Hindalco & Coal India

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Devangshu Datta New Delhi
Last Updated : Mar 19 2014 | 10:35 PM IST
NIFTY
Current: 6,524 (fut: 6,547);
Target: NA
Stop-loss long positions at 6,490 and stop loss short positions at 6,610. Breakouts or breakdowns could go till 6,650 or 6,450. A bearspread of long 6,500p (33) and short 6,400p (13) could double if the index drops 50 points. (All futures prices above)

BANK NIFTY
Current: 12,187 (fut: 12,250);
Target: 12,400
Keep a stop at 12,200 and go long. Add to the position between 12,325 and 12,350. Book profits above 12,400. (All futures prices above)

TATA CONSULTANCY SERVICES
Current price: Rs 2,039;
Target price: Rs 1,970
Keep a stop at Rs 2,080 and short. Add to the position between Rs 1,990 and Rs 2,010. Book profits at Rs 1,970.

HINDALCO
Current price: Rs 120;
Target price: Rs 124
Keep a stop at Rs 118 and go long. Add to the position between Rs 121 and Rs 122. Book profits above Rs 124.

COAL INDIA
Current price: Rs 263;
Target price: Rs 257
Keep a stop at Rs 267 and short. Add to the position between Rs 259 and Rs 261. Book profits at Rs 257.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
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First Published: Mar 19 2014 | 10:30 PM IST

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