Today's picks- 27 October 2015
Nifty, Bank Nifty, Asian Paints, Bajaj Auto & HDFC
NIFTY
Current: 8,261 (fut: 8,264),
Target: NA
Stop-short positions at 8,355. Stop-long positions at 8,245. Big moves could go till 8,195, 8,400. A long 8,300p (50), short 8,200p (17) could double in value if the downtrend continues.
BANK NIFTY
Current: 17,815 (fut: 17,819)
Target: NA
Stop-loss short positions at 17,910. Stop-short positions at 17,710. Big moves could go till 18,100, 17,515. A downtrend looks more likely.
ASIAN PAINTS
Current price: Rs 818
Target price: Rs 800
Keep a stop at Rs 825 and short. Add to the position between Rs 804 and Rs 808. Book profits at Rs 800.
BAJAJ AUTO
Current price: Rs 2,576
Target price: Rs 2,625
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2,600 and Rs 2,610. Book profits at Rs 2,625.
HDFC
Current price: Rs 1,313
Target price: Rs 1,285
Keep a stop at Rs 1,325 and go short. Add to the position between Rs 1,295 and Rs 1,300. Book profits at Rs 1,285.
Current: 8,261 (fut: 8,264),
Target: NA
Stop-short positions at 8,355. Stop-long positions at 8,245. Big moves could go till 8,195, 8,400. A long 8,300p (50), short 8,200p (17) could double in value if the downtrend continues.
BANK NIFTY
Current: 17,815 (fut: 17,819)
Target: NA
Stop-loss short positions at 17,910. Stop-short positions at 17,710. Big moves could go till 18,100, 17,515. A downtrend looks more likely.
ASIAN PAINTS
Current price: Rs 818
Target price: Rs 800
Keep a stop at Rs 825 and short. Add to the position between Rs 804 and Rs 808. Book profits at Rs 800.
BAJAJ AUTO
Current price: Rs 2,576
Target price: Rs 2,625
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2,600 and Rs 2,610. Book profits at Rs 2,625.
HDFC
Current price: Rs 1,313
Target price: Rs 1,285
Keep a stop at Rs 1,325 and go short. Add to the position between Rs 1,295 and Rs 1,300. Book profits at Rs 1,285.
Target prices, projected movements in terms of next session, unless otherwise stated