Today's picks

Nifty, Bank Nifty, Coal India, Tata Steel & ONGC

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Devangshu Datta
Last Updated : Jun 03 2014 | 10:39 PM IST
NIFTY
Current: 7,416 (futures: 7,423)
Stop shorts at 7,475, long at 7,345. Big moves could go till 7,300 or 7,525. A bullspread of long 7,400c (119) and short 7,500c (69) costs 50 and it could gain 15 if the Nifty crosses 7,450.

BANK NIFTY
Current: 15,257 (futures: 15,205)
Target: 15,000 (futures: 15,025)
Keep a stop at 15,300 and short. Add to the position between 15,100 and 15,125. Book profits at 15,025. ( Futures prices above)

COAL INDIA
Current: Rs 393
Target: Rs 410
Keep a stop at Rs 388 and go long. Add to the position between Rs 395 and Rs 397. Book profits at Rs 410.

TATA STEEL
Current: Rs 527
Target: Rs 540
Keep a stop at Rs 519 and go long. Add to the position between Rs 529 and Rs 535. Book profits at Rs 540.

ONGC
Current: Rs 417
Target: Rs 398
Keep a stop at Rs 425 and go short. Add to the position between Rs 404 and Rs 409. Book profits at Rs 398.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 03 2014 | 10:30 PM IST

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