Today's picks

Nifty, Bank Nifty, Sesa Sterlite, Coal India & Wipro

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Devangshu Datta
Last Updated : Jun 17 2014 | 10:30 PM IST
NIFTY
Current: 7,631 (fut: 7,661)
Target: NA
Stop-loss shorts at 7,710. Stop long positions at 7,600. Big moves could go to 7,525 or 7,800. A strangler of long 7,800c (21) and long 7,500p (21) will gain 10-15 if the index moves 100 points in either direction.

BANK NIFTY
Current: 15,373 (futures: 15,472)
Target: 15,250
Keep a stop at 15,550 and go short. Add to the position between 15,325 and 15,350. Book profits at 15,250. (All futures price)

SESA STERLITE
Current: Rs 297
Target: Rs 282
Keep a stop at Rs 303 and short. Add to the position between Rs 286 and Rs 290, Book profits at Rs 282.

COAL INDIA
Current: Rs 400
Target: Rs 415
Keep a stop at Rs 390 and go long. Add to the position between Rs 407 and Rs 410. Book profits at Rs 415.

WIPRO
Current: Rs 536
Target: Rs 550
Keep a stop at Rs 528 and go long. Add to the position between Rs 540 and Rs 542. Book profits at Rs 550.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 17 2014 | 10:30 PM IST

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