Today's picks

Nifty, Bank Nifty, Tata Power, Bajaj Auto & Reliance

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Devangshu Datta New Delhi
Last Updated : May 15 2014 | 10:40 PM IST
NIFTY
Current: 7,123 (fut: 7,145)
Target: NA
Set stops at 7,210 and 7,075. Big moves could go till 6,900 or 7,400. A long 7,400c (135) and long 6,900p (155) combo is expensive. If either side is struck, it will gain 15-20 per cent. (All futures prices)

BANK NIFTY
Current: 14,237 (futures: 14,273)
Target: NA
Stop-loss long positions at 14,120 and shorts at 14,400. Big moves could hit 13,900 or 14,600. The day could start with a downtrend. (All futures prices)

TATA POWER
Current: Rs 87
Target: Rs 91
Keep a stop at Rs 86 and go long. Add to the position between Rs 89 and Rs 90. Book profits at Rs 91. If Rs 86 breaks, it could fall till Rs 81.

BAJAJ AUTO
Current: Rs 1,950
Target: Rs 1,920
Keep a stop at Rs 1,965 and go short. Add to the position between Rs 1,935 and Rs 1,945. Book profits at Rs 1,920. If Rs 1,965 breaks, it could hit Rs 1,990.

RELIANCE
Current: Rs 1,053
Target: Rs 1,070
Keep a stop at Rs 1,040 and go long. Add to the position between Rs 1,060 and Rs 1,065. Book profits at Rs 1,070. If Rs 1,040 breaks, RIL may hit Rs 1,020.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 15 2014 | 10:30 PM IST

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