Today's picks

Nifty, Bank Nifty, NMDC, Wipro & Tata Steel

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Devangshu Datta New Delhi
Last Updated : May 20 2014 | 10:29 PM IST
NIFTY
Current: 7,276 (fut: 7,289)
Target: NA
Stop-loss long positions at 7,225 and stop shorts at 7,350. Big moves could go till 7,150, or 7,400. A strangle of long 7,500c (18) and long 7,100p (18) would double if either side is struck by Friday.

BANK NIFTY
Current: 15,111 (futures: 15,196)
Target: 14,950 (futures: 15,025)
Keep a stop at 15,300 and go short. Add to the position between 15,100 and 15,125. Book profits at 15,025 (All futures prices).

NMDC
Current: Rs 178
Target: Rs 170
Keep a stop at Rs181 and go short. Add to the position between Rs173 and Rs175. Book profits at Rs 170.

WIPRO
Current: Rs 495
Target: Rs 505
Keep a stop at Rs 489 and go long. Add to the position between Rs500 and Rs502. Book profits at Rs 505.

TATA STEEL
Current: Rs 467
Target: Rs 475
Keep a stop at Rs462 and go long. Add to the position between Rs470 and Rs472. Book profits at Rs 475.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 20 2014 | 10:29 PM IST

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