Today's picks- 14 October 2015
Nifty, Bank Nifty, Idea Cellular, BHEL & HCL Tech
Nifty
Current: 8,132 (futures: 8,139)
Target: NA
Stop loss short positions at 8,205. Stop long positions at 8,045. Big moves could go till 8,000, 8,275. A long 8,000p (66) , short 7,900p (44) could gain 10-15 if the futures drops below 8,050.
Bank Nifty
Current: 17,555 (fut: 17,602)
Target: NA
Stop loss short positions at 17,500. Stop long positions at 17,700. Big moves could go till 17,300, 17,900. A downtrend seems a little more likely.
Idea Cellular
Current price: Rs 153
Target price: Rs 149
Keep a stop at 155 and go short. Add to the position between 150-151. Book profits at 149.
BHEL
Current price: Rs 208
Target price: Rs 212
Keep a stop at 205 and go long, Add to the position between 210-211. Book profits at 212.
HCL Tech
Current price: Rs 830
Target price: Rs 815
Keep a stop at 840 and short. Add to the position between 819-822. Book profits at 815.
Current: 8,132 (futures: 8,139)
Target: NA
Stop loss short positions at 8,205. Stop long positions at 8,045. Big moves could go till 8,000, 8,275. A long 8,000p (66) , short 7,900p (44) could gain 10-15 if the futures drops below 8,050.
Bank Nifty
Current: 17,555 (fut: 17,602)
Target: NA
Stop loss short positions at 17,500. Stop long positions at 17,700. Big moves could go till 17,300, 17,900. A downtrend seems a little more likely.
Idea Cellular
Current price: Rs 153
Target price: Rs 149
Keep a stop at 155 and go short. Add to the position between 150-151. Book profits at 149.
BHEL
Current price: Rs 208
Target price: Rs 212
Keep a stop at 205 and go long, Add to the position between 210-211. Book profits at 212.
HCL Tech
Current price: Rs 830
Target price: Rs 815
Keep a stop at 840 and short. Add to the position between 819-822. Book profits at 815.
Target prices, projected movements in terms of next session, unless otherwise stated