Today's picks-18 August 2014

Nifty, Bank Nifty, Bharti Airtel, Cipla, Tech Mahindra

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Devangshu Datta
Last Updated : Aug 19 2014 | 8:22 PM IST
NIFTY
Current: 7,874 (fut: 7,872),
Target: NA
Stop-loss short positions at 7,925. Stop long positions at 7,800. Big moves could go till 8,000 or 7,750. A strangle of long 8,000c (15) and a long 7,700p (14) could double in value on a big swing. (All futures prices) .

BANK NIFTY
Current: 15,440 (fut: 15,455)
Target: 15,250 (fut: 15,275)
Keep a stop at 15,375 and go long. Add to the position between 15,300 and 15,325. Book profits at 15,275 (All futures prices)

BHARTI AIRTEL
Current price: Rs 376
Target price: Rs 382
Keep a stop at Rs 371 and go long. Add to the position between Rs 378 and Rs 380. Book profits above Rs 382.

CIPLA
Current price: Rs 471
Target price: Rs 464
Keep a stop at Rs 474 and short. Add to the position between Rs 466 and Rs 468. Book profits at Rs 464.

TECH MAHINDRA
Current price: Rs 2,204
Target price: Rs 2,250
Keep a stop at Rs 2,175 and go long. Add to the position between Rs 2,220 and Rs 2,230. Book profits at Rs 2,250.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 18 2014 | 10:30 PM IST

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