Today's picks

Nifty, Bank Nifty, Ambuja Cement, BPCL & Tata Motors

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Devangshu Datta
Last Updated : Aug 05 2014 | 10:30 PM IST
NIFTY
Current: 7,747 (fut: 7,772)
Target: NA
Stop-loss short positions at 7,830. Stop long positions at 7,700. Big moves could go till 7,650 or 7,900. A long 7,800c (83) and short 7,900c (45) costs 38. It could gain 15-20 if futures hit 7,825. (All futures prices)

BANK NIFTY
Current: 15,295 (futures: 15,387)
Target: 15,150 (futures: 15,225)
Keep a stop at 15,455 and short. Add to the position between 15,275 and 15,300. Book profits at 15,225.(All futures prices)

AMBUJA CEMENT
Current: Rs 213
Target: Rs 204
Keep a stop at Rs 217 and short. Add to the position between Rs 207 and Rs 209. Book profits at Rs 204.

BPCL
Current: Rs 593
Target: Rs 580
Keep a stop at Rs 600 and short. Add to the position between Rs 582 and Rs 584. Book profits at Rs 580.

TATA MOTORS
Current: Rs 457
Target: Rs 465
Keep a stop at Rs 452 and go long. Add to the position between Rs 460 and Rs 462. Book profits at Rs 465.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 05 2014 | 10:30 PM IST

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