Today's picks- 26 August 2015

Nifty, Bank Nifty, Ambuja Cement, Wipro & Bharti Airtel

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Devangshu Datta
Last Updated : Aug 26 2015 | 10:58 PM IST
NIFTY
Current: 7,792 (futures: 7,801)
Target: NA
Stop-loss short positions at 7855. Stop-long positions at 7,720. A big move could go till 7,925, 7,675. High volatility is likely.  A long 7,900c (12) could gain on a short covering rally.

BANK NIFTY
Current: 16,918 (fut: 16,939)
Target: NA
Stop-loss short positions at 17,050. Stop-long positions at 16,750. High volatility expected and a big move could go till 17,250, 16,550. Short covering could drive a temporary rally.

AMBUJA CEMENT
Current price: Rs 198
Target price: Rs 201
Keep a stop at Rs 197 and go long. Add to the position between Rs 199 and Rs 200. Book profits at Rs 201.

WIPRO
Current price: Rs 551
Target price: Rs 535
Keep a stop at Rs 554 and go short. Add to the position between Rs 540 and Rs 542. Book profits at Rs 535.

BHARTI AIRTEL
Current price: Rs 339
Target price: Rs 330
Keep a stop at Rs 342 and short. Add to the position between Rs 331 and Rs 332. Book profits at Rs 330.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 26 2015 | 10:30 PM IST

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