Today's picks

Nifty, Bank Nifty, HCL Tech, Coal India & Tata Steel

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Devangshu Datta
Last Updated : Jul 28 2014 | 10:35 PM IST
NIFTY
Current: 7,749 (fut: 7,741)
Target: NA
Stop-loss shorts at 7810. Stop long positions at 7,675. Big moves could hit 7,850 or 7,625. A big move is likely due to Eid holiday before settlement. A long 7,700p (13) and long 7,800c (10) could double on a big move.

BANK NIFTY
Current: 15,212 (futures: 15,260)
Target: 15,075 (futures: 15,100)
Keep a stop at 15,325 and short. Add to the position between 15,125 and 15,150. Book profits at 15,100. (All futures prices)

HCL TECH
Current: Rs 1,614
Target: Rs 1,645
Keep a stop at Rs 1,595 and go long. Add to the position between Rs 1,625 and Rs 1,635. Book profits at Rs 1,645.

COAL INDIA
Current: Rs 364
Target: Rs 357
Keep a stop at Rs 368 and go short. Add to the position between Rs 358 and Rs 360. Book profits at Rs 357.

TATA STEEL
Current: Rs 549
Target: Rs 538
Keep a stop at Rs 555 and short. Add to the position between Rs 540 and Rs 544. Book profits at Rs 538.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 28 2014 | 10:30 PM IST

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