Today's picks- 2 September 2014

Nifty, Bank Nifty, Maruti, L&T & Cipla

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Devangshu Datta New Delhi
Last Updated : Sep 01 2014 | 10:13 PM IST
Nifty
Current: 8,028 (fut: 8,072),
Target: NA
Stop-loss shorts at 8,130. Stop long positions at 8,000. Big moves could go till 7,970 or 8,175. A long 8,200c (50) and short 8,300c (25) could gain 15-20 if the futures cross 8,125. (All futures prices)

Bank Nifty

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Current: 16,012 (fut: 16,161)
Target: 16,200 (fut: 16,300)
Keep a stop at 16,100 and go long. Add to the position between 15,220 and 16,250. Book profits at 16,300. (All futures prices)

Maruti
Current price: Rs 2,913
Target price: Rs 2,970
Keep a stop at Rs 2,885 and go long. Add to the position between Rs 2,940 and Rs 2,950. Book profits at Rs 2,970.

L&T
Current price: Rs 1,577
Target price: Rs 1,610
Keep a stop at Rs 1,560 and go long. Add to the position between Rs 1,595 and Rs 1,600. Book profits at Rs 1,610.

Cipla
Current price: Rs 529
Target price: Rs 540
Keep a stop at Rs 523 and go long. Add to the position between Rs 532 and Rs 535. Book profits at Rs 540.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 01 2014 | 9:41 PM IST

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