Today's picks

Nifty, Bank Nifty, Reliance Industries, Sun Pharma & Tata Power

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Devangshu Datta
Last Updated : Jun 30 2014 | 10:35 PM IST
NIFTY
Current: 7,612 (fut: 7,624)
Target: NA
Stop-loss short positions at 7,675. Stop long positions at 7,545. Big moves could go till 7,500 or 7,725. A long 7,800c (74) and short 7,900p ( 45) will gain 10-15 if the index moves up past 7,675.

BANK NIFTY
Current: 15,240 (futures: 15,350)
Target: 15,400 (futures: 15,500)
Keep a stop at 15,275 and go long. Add to the position between 15,425 and 15,450. Book profits above 15,500. (All futures prices)

RELIANCE INDUSTRIES
Current: Rs 1,013
Target: Rs 985
Keep a stop at Rs 1,025 and go short. Add to the position between Rs 995 and Rs 1,005. Book profits at Rs 985.

SUN PHARMA
Current: Rs 688
Target: Rs 700
Keep a stop at Rs 680 and go long. Add to the position between Rs 690 and Rs 695. Book profits at Rs 700.

TATA POWER
Current: Rs 108
Target: Rs 112
Keep a stop at Rs 106 and go long. Add to the position between Rs 109 and Rs 110. Book profits at Rs 112.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 30 2014 | 10:30 PM IST

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