Today's picks: 12 August 2016

Nifty, Bank Nifty, Hind Unilever, Adani Ports & Grasim

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Devangshu Datta New Delhi
Last Updated : Aug 12 2016 | 6:00 AM IST
NIFTY

Current: 8,592 (fut: 8,621),
Target: NA
Stop-loss long positions at 8,545. Stop-short positions at 8,700. Big moves could go till 8,490, 8,750. A long 8,500p (41), short 8,400p (23) could double if 8,500 is hit.

BANK NIFTY

Current: 18,640 (fut: 18,752)
Target: NA
Stop-short positions at 18,850. Stop-long positions at 18,650. Big moves could go till 18,400, 19,100. Trend seems bearish.

HIND UNILEVER

Current price: Rs 936
Target price: Rs 950
Keep a stop at Rs 926 and go long. Add to the position between Rs 943 and Rs 947. Book profits at Rs 950.

ADANI PORTS

Current price: Rs 253.5
Target price: Rs 248
Keep a stop at Rs 256 and go short. Add to the position between Rs 249 and Rs 250. Book profits at Rs 248.

GRASIM

Current price: Rs 4,539
Target price: Rs 4,450
Keep a stop at Rs 4,585 and go short. Add to the position between Rs 4,470 and Rs 4,490. Book profits at Rs 4,450.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 12 2016 | 6:00 AM IST

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