Today's picks- 28 April 2015

Nifty, Bank Nifty, HCL Tech, GAIL & TATA MOTORS

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Devangshu Datta
Last Updated : Apr 28 2015 | 11:16 PM IST
NIFTY
Current: 8,285 (fut: 8,279)
Target: NA
Stop-loss shorts at 8,365. Stop-loss long positions at 8,190. A long 8,200p (24) and long 8,400c (10) would be profitable if there was a big move in either direction.

BANK NIFTY
Current: 18,246 (futures: 18,215)
Target: 18,400 (futures: 18,400)
Keep a stop at 18,120 and go long. Add to the position between 18,350 and 18,375. Book profits at 18,400. The discount on the futures should disappear.

HCL TECH
Current price: Rs 870
Target price: Rs 850
Keep a stop at Rs 880 and short. Add to the position between Rs 855 and Rs 860. Book profits at Rs 850.

GAIL
Current price: Rs 358
Target price: Rs 352
Keep a stop at Rs 361 and short. Add to the position between Rs 353 and Rs 354.  Book profits at Rs 352.

TATA MOTORS
Current price: Rs 530
Target price: Rs 540
Keep a stop at Rs 525 and go long. Add to the position between Rs 535 and Rs 537. Book profits at Rs 540.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 28 2015 | 10:30 PM IST

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