Today's picks

Nifty, Bank Nifty, Hindalco, HCL Tech & Sun Pharma

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Devangshu Datta
Last Updated : Jul 14 2014 | 10:47 PM IST
NIFTY
Current: 7,454 (futures: 6,483)
Stop shorts at 7,625. Stop long positions at 7,390. Big moves could go till 7,575 or 7,325. A long 7,600c (44) and short 7,700c (21) could double in value if the index hits 7,525. (All futures prices)

BANK NIFTY
Current: 14,489 (futures: 14,568)
Target: 14,650 (futures: 14,700)
Keep a stop at 14,475 and go long. Add to the position between 14,625 and 14,650. Book profits at 14,700. (All futures prices)

HINDALCO
Current: Rs 173
Target: Rs 165
Keep a stop at Rs 177 and short. Add to the position between Rs 168 and Rs 170. Book profits at Rs 165.

HCL TECH
Current: Rs 1,449
Target: Rs 1,480
Keep a stop at Rs 1,430 and go long. Add to the position between Rs 1,465 and Rs 1,470. Book profits at Rs 1,480.

SUN PHARMA
Current: Rs 738
Target: Rs 722
Keep a stop at Rs 745 and short. Add to the position between Rs 725 and Rs 728. Book profits at Rs 722.
Target prices and projected movements in terms of the next session, unless otherwise stated
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First Published: Jul 14 2014 | 10:30 PM IST

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