Today's picks: 28 April 2016

Nifty, Bank Nifty, Mahindra & Mahindra, BPCL & HCL Tech

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Devangshu Datta New delhi
Last Updated : Apr 28 2016 | 6:00 AM IST
NIFTY

Current: 7,980 (fut: 7,990),

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Target: NA
Stop-long positions at 7,920. Stop-short positions at 8,055. Big moves could go till 8,125, 7,865. A dovish Fed statement could push the market up. A long April 8,000c (24), long 8,000p (33) would profit if the market moves beyond 7,930 or 8,060.

BANK NIFTY

Current: 16,873 (fut: 16,908)
Target: NA
Stop-long positions at 16,775. Stop-short positions at 17,030. Big moves could go till 17,225, 16,600. Trend could be defined by the Fed's stance.

MAHINDRA & MAHINDRA

Current price: Rs 1,385
Target price: Rs 1,415
Keep a stop at Rs 1,365 and go long. Add to the position between Rs 1,400 and Rs 1,410. Book profits at Rs 1,415.

BPCL

Current price: Rs 982
Target price: Rs 1,000
Keep a stop at Rs 975 and go long. Add to the position between Rs 992 and Rs 995. Book profits at Rs 1,000.

HCL TECH

Current price: Rs 838
Target price: Rs 825
Keep a stop at Rs 845 and go short. Add to the position between Rs 828 and Rs 830. Book profits at Rs 825.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 28 2016 | 6:00 AM IST

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