Today's picks- 16 December 2014
Nifty, Bank Nifty, Coal India, BPCL & Jindal Steel
NIFTY
Current: 8,219.6 (fut: 8,274.55)
Target: NA
Stop-loss shorts at 8,350. Stop long positions at 8,200. Some downside bias. A long 8,200p (38), short 8,100p (16) could gain 10-15 if 8,200 is struck.
BANK NIFTY
Current: 18,373 (fut: 18,521)
Target: 18,250 (fut: 18,350)
Keep a stop at 18,600 and short. Add to the position between 18,375 and 18,400. Book profits at 18,350.
COAL INDIA
Current price: Rs 377
Target price: Rs 371
Keep a stop at Rs 380 and short. Add to the position between Rs 372 and Rs 374. Book profits at Rs 371.
BPCL
Current price: Rs 636
Target price: Rs 645
Keep a stop at Rs 630 and go long. Add to the position between Rs 640 and Rs 642. Book profits at Rs 645.
JINDAL STEEL
Current price: Rs 138
Target price: Rs 134
Keep a stop at Rs 140 and short. Add to the position between Rs 135 and Rs 136. Book profits at Rs 134.
Current: 8,219.6 (fut: 8,274.55)
Target: NA
Stop-loss shorts at 8,350. Stop long positions at 8,200. Some downside bias. A long 8,200p (38), short 8,100p (16) could gain 10-15 if 8,200 is struck.
BANK NIFTY
Current: 18,373 (fut: 18,521)
Target: 18,250 (fut: 18,350)
Keep a stop at 18,600 and short. Add to the position between 18,375 and 18,400. Book profits at 18,350.
COAL INDIA
Current price: Rs 377
Target price: Rs 371
Keep a stop at Rs 380 and short. Add to the position between Rs 372 and Rs 374. Book profits at Rs 371.
BPCL
Current price: Rs 636
Target price: Rs 645
Keep a stop at Rs 630 and go long. Add to the position between Rs 640 and Rs 642. Book profits at Rs 645.
JINDAL STEEL
Current price: Rs 138
Target price: Rs 134
Keep a stop at Rs 140 and short. Add to the position between Rs 135 and Rs 136. Book profits at Rs 134.
Target prices, projected movements in terms of next session, unless otherwise stated