Today's picks

Nifty, Bank Nifty, Infosys, PowerGrid & Bharti

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Devangshu Datta
Last Updated : Aug 04 2014 | 10:51 PM IST
NIFTY
Current: 7,684 (fut: 7,724)
Target: NA
Stop-loss shorts at 7,805. Stop long positions at 7,645. Big moves could go till 7,835 or till 7610. A bullspread of long 7,800c (71) and short 7,900c (39) could gain 10-15 if the futures hit 7,800. (All futures prices)

BANK NIFTY
Current: 15,242 (futures: 15,337)
Target: 15,100 (futures: 15,175)
Keep a stop at 15,425 and short. Add to the position between 15,225 and 15,250. Book profits at 15,175.
(All futures prices)

INFOSYS
Current: Rs 3,466
Target: Rs 3,525
Keep a stop at Rs 3,425 and go long. Add to the position between Rs 3,490 and Rs 3,500. Book profits above Rs 3,525.

POWERGRID
Current: Rs 132
Target: Rs 136
Keep a stop at Rs 130 and go long. Add to the position between Rs 134 and Rs 135. Book profits at Rs 136.

BHARTI
Current: Rs 377
Target: Rs 370
Keep a stop at Rs 380 and short. Add to the position between Rs 374 and Rs 376. Book profits at Rs 370.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 04 2014 | 10:38 PM IST

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