Today's picks- 21 August 2014

Nifty, Tech Mahindra, NTPC, DLF and Mahindra & Mahindra

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Devangshu Datta
Last Updated : Aug 21 2014 | 10:24 PM IST
NIFTY
Current: 7,891 (futures: 7,905)
Stop-loss shorts at 7,965. Stop long positions at 7,825. Big moves could go till 7,725 or 8,010.
A strangle of long 8,000c (16) and long 7,800p (16) could double in value on a big swing.

TECH MAHINDRA
Current: Rs 2,235;
Target: Rs 2,260
Keep a stop at Rs 2,220 and go long. Add to the position between Rs 2,245 and Rs 2,255. Book profits at Rs 2,260.

NTPC
Current: Rs 142
Target: Rs 137
Keep a stop at Rs 145 and go short. Add to the position between Rs 138 and Rs 139. Book profits at Rs 137.

DLF
Current: Rs 197
Target: Rs 190
Keep a stop at Rs 200 and short. Add to the position between Rs 193 and Rs 194. Book profits at Rs 190.

MAHINDRA & MAHINDRA
Current: Rs 1,376
Target: 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.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 21 2014 | 10:18 PM IST

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