Today's picks- 12 May 2015

Nifty, Bank Nifty, Cairn India, Tata Power & Dr Reddy's

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Devangshu Datta
Last Updated : May 12 2015 | 10:37 PM IST
NIFTY
Current: 8,127 (fut: 8,130)
Target: NA
Stop-loss shorts 8,205. Stop-long positions at 8,050. A long 7,900p (70), short 7,800p (49) costs 21. it could gain 15-20 if the futures falls below 7,950-7,975.

BANK NIFTY
Current: 17,629 (futures: 17,603)
Target: NA
Stop-loss shorts at 17,725. Stop-long positions at 17,500. if the downtrend continues, the futures could fall till 17,250. A bounce could take it back till 18,000.

CAIRN INDIA
Current price: Rs 198  
Target price: Rs 194
Keep a stop at Rs 200 and short. Add to the position between Rs 196 and Rs 197. Book profits at Rs 194.

TATA POWER
Current price: Rs 71.5
Target price: Rs 69.5
Keep a stop at Rs 72.75 and short. Add to the position between Rs 70 and Rs 70.5. Book profits at Rs 69.5.

DR REDDY'S
Current price: Rs 3,469
Target price: Rs 3,415
Keep a stop at Rs 3,500 and go short. Add to the position between Rs 3,425 and Rs 3,435. Book profits at Rs 3,415.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 12 2015 | 10:30 PM IST

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