Today's picks

Nifty, Bank Nifty, BPCL, Tata Steel & L&T

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Devangshu Datta
Last Updated : Jul 16 2014 | 10:30 PM IST
NIFTY
Current: 7,624 (fut: 7,660)
Target: NA
Stop-loss shorts at. 7,725. Stop long positions at 7,590. Bog moves could go till 7,525 or till 7,775. A long 7,700c (60) and short 7,800c (28) could gain 10-15 if the futures crosses 7,700. (All futures prices)

BANK NIFTY
Current: 15,265 (futures: 15,335)
Target: 15,500
Keep a stop at 15,250 and go long. Add to the position between 15,425 and 15,450. Book profits at 15,500. (All futures prices)

BPCL
Current: Rs 591
Target: Rs 583
Keep a stop at Rs 595 and short. Add to the position between Rs 586 and Rs 588. Book profits at Rs 583.

TATA STEEL
Current: Rs 543
Target: Rs 552
Keep a stop at Rs 537 and go long. Add to the position between Rs 547 and Rs 550. Book profits at Rs 552.

L&T
Current: Rs 1,659
Target: Rs 1,700
Keep a stop at Rs 1,640 and go long. Add to the position between Rs 1,675 and Rs 1,780. Book profits at Rs 1,700.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 16 2014 | 10:30 PM IST

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