Today's picks- 19 August 2014

Nifty, Bank Nifty, M&M, BHEL & L&T

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Devangshu Datta
Last Updated : Aug 19 2014 | 10:30 PM IST
NIFTY
Current: 7,897 (fut: 7,907),
Target: NA
Stop short positions at 7,955. Stop long positions at 7,845. Big moves could go till 8,025 or 7,775. A long 7,800p (22) and long 8,000c (24) could gain 15-20 if the index has a big swing. (All futures prices)

BANK NIFTY
Current: 15,525 (fut: 15,531)
Target: 15,420 (fut: 15,425)
Keep a stop at 15,600 and go short. Add to the position between 15,450 and 15,475. Book profits at 15,425. (All futures prices)

M&M
Current price: Rs 1,374
Target price: Rs 1,400
Keep a stop at Rs 1,360 and go long. Add to the position between Rs 1,385 and Rs 1,390. Book profits at Rs 1,400.

BHEL
Current price: Rs 227
Target price: Rs 220
Keep a stop at Rs 230 and go short. Add to the position between Rs 222 and Rs 224. Book profits at Rs 220

L&T
Current price: Rs 1,533
Target price: Rs 1,490
Keep a stop at Rs 1,550 and go short. Add to the position between Rs 1,510 and Rs 1,520. Book profits at Rs 1,490.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 19 2014 | 10:30 PM IST

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