Today's picks

Nifty, Bank Nifty, Tata Motors, ONGC & Hindalco

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Devangshu Datta
Last Updated : Jul 03 2014 | 10:56 PM IST
NIFTY
Current: 7,715 (fut: 7,739)
Target: NA
Stop-loss long positions at 7650. Stop-loss shorts at 7825. Big moves could go till 7600 or 7850. A long 80000c (46) and a long 7500p (62) combination will gain if the index moves 100 points in any direction.

BANK NIFTY
Current: 15,452 (futures: 15,565)
Target: 15,600 (futures: 15,700)
Keep a stop at 15,500 and go long. Add to the position between 15,625 and 15,650. Book profits at 15,700. (All futures prices above)

TATA MOTORS
Current: Rs 470
Target: Rs 478
Keep a stop at Rs 462 and go long. Add to the position between Rs 473 and Rs 477. Book profits above Rs 478.

ONGC
Current: Rs 418
Target: Rs 420
Keep a stop at Rs 423 and short. Add to the position between Rs 412 and Rs 416. Book profits at Rs 410.

HINDALCO
Current: Rs 174
Target: Rs 167
Keep a stop at Rs 178 and short. Add  to the position between Rs 170 and Rs 173. Book profits at Rs 167.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 03 2014 | 10:30 PM IST

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