Today's picks: 26 May 2015

Nifty, Bank Nifty, Ambuja Cement, Vedanta India & Coal India

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Devangshu Datta New Delhi
Last Updated : May 26 2015 | 10:45 PM IST
NIFTY
Current: 8,339 (fut: 8,352)
Target: NA

Stop-loss short positions at 8,410. Stop-loss long positions at 8,250. A long May 8,400c (20), short 8,450c (9) spread costs 11 and it could double if 8,400 is hit.

BANK NIFTY
Current: 18,363 (futures: 18,322)
Target: 18,500 (futures: 18,500)

Keep a stop at 18,250 and go long. Add to the position between 18,450 and 18,475. Book profits at 18,500.

AMBUJA CEMENT
Current price: Rs 227  
Target price: Rs 231

Keep a stop at Rs 225 and go long. Add to the position between Rs 229 and Rs 230. Book profits at Rs 231.

VEDANTA INDIA
Current price: Rs 195
Target price: Rs 191

Keep a stop at Rs 197 and go short. Add to the position between Rs 192 and Rs 193. Book profits at Rs 191.

COAL INDIA
Current price: Rs 375
Target price: Rs 379

Keep a stop at Rs 372 and go long. Add to the position between Rs 377 and Rs 378. Book profits at Rs 379.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 26 2015 | 10:18 PM IST

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