Today's picks- 27 August 2014

Nifty, Bank Nifty, DLF, PowerGrid & Jindal Steel

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Devangshu Datta
Last Updated : Aug 27 2014 | 10:30 PM IST
NIFTY
Current: 7,936 (fut: 7,943)
Target: NA
Stop short positions at 8,000. Stop long positions at 7,870. Big moves could go till 8,050 or 7,800 but range trading between 7,875 and 7,975 is most likely.

BANK NIFTY
Current: 15,716 (futures: 15,738)
Target: 15,600
Keep a stop at 15,800 and short. Add to the position between 15,650 and 15,675. Book profits at 15,600.

DLF
Current: Rs 183
Target: Rs 177
Keep a stop at Rs 186 and go short. Add to the position between Rs 179 and Rs 180. Book profits at Rs 177.

POWERGRID
Current: Rs 129.5
Target: Rs 134
Keep a stop at Rs 127 and go long. Add to the position between Rs 131 and Rs 132. Book profits at Rs 134.

JINDAL STEEL
Current: Rs 244
Target: Rs 235
Keep a stop at Rs 248 and short. Add to the position between Rs 238 and Rs 239. Book profits at Rs 235.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 27 2014 | 10:30 PM IST

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