Today's picks

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Devangshu Datta New Delhi
Last Updated : Jul 30 2014 | 10:49 PM IST
NIFTY
Current: 7,791 (fut: 7,787)
Target: NA
Stop-loss shorts at 7,850. Stop long positions at 7,725. Big moves seem unlikely but could go to 7,675 or 7,900. A strangle of long 7,750p (9) and long 7,850c (4) has breakevens at 7,737, 7,863.

BANK NIFTY
Current: 15,452 (futures: 15,444)
Target: 15,300 (futures: 15,300)
Keep a stop at 15,525 and short. Add to the position between 15,325 and 15,350. Book profits at 15,300. (All futures prices)

BHARTI AIRTEL
Current: Rs 373
Target: Rs 380
Keep a stop at Rs 369 and go long. Add to the position between 375-377. Book profits at 380.

L&T
Current: Rs 1,524
Target: Rs 1,555
Keep a stop at Rs 1,505 and go long. Add to the position between Rs 1,540 and Rs 1,545. Book profits at Rs 1,555.

JINDAL STEEL & POWER
Current: Rs 277
Target: Rs 270
Keep a stop at Rs 280 and short. Add to the position between Rs 272 and Rs 274. Book profits at Rs 270.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 30 2014 | 10:28 PM IST

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