Today's picks: 29 April 2016

Nifty, Bank Nifty, Idea Cellular, Hindalco & Maruti Suzuki

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Devangshu Datta New Delhi
Last Updated : Apr 29 2016 | 6:00 AM IST
NIFTY

Current: 7,847 (fut: 7,896),
Target: NA
Stop-short positions at 7,970. Stop-long positions at 7,820. Big moves could go till 8,030, 7,765. A bearspread of long 7,700p (65), short 7,600p (43) could gain 10-15 if the index tests 7,750. .

BANK NIFTY

Current: 16,717 (fut: 16,765)
Target: NA
Stop-loss long positions at 16,655. Stop-short positions at 16,875. Big moves could go till 17,075, 16,475. trend may stay negative.

IDEA CELLULAR

Current price: Rs 126.5
Target price: Rs 129.5
Keep a stop at Rs 125 and go long. Add to the position between Rs 128.5 and Rs 129. Book profits at Rs 129.5.

HINDALCO

Current price: Rs 97
Target price: Rs 93
Keep a stop at Rs 99 and go short. Add to the position between Rs 94 and Rs 95. Book profits at Rs 93.

MARUTI SUZUKI

Current price: Rs 3,747
Target price: Rs 3,675
Keep a stop at Rs 3,785 and go short. Add to the position between Rs 3,690 and Rs 3,705. Book profits at Rs 3,675.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 29 2016 | 6:00 AM IST

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