Today's picks- 29 January 2015

Nifty, Bank Nifty, Coal India, Ambuja Cement & BHEL

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Devangshu Datta
Last Updated : Jan 29 2015 | 10:53 PM IST
NIFTY
Current: 8,952 (fut: 8,981 )
Target: NA
Stop-loss short positions at 9050. Stop- long positions at 8,900. Breadth signals are bearish. A long 8,700p (82), short 8,600p (62) costs 20 and it could double if 8,850 is hit.

BANK NIFTY
Current: 20,529 (futures: 20,640)
Target: 20,375 (futures: 20,475)
Keep a stop at 20,725 and short. Add to the position between 20,500 and 20,525. Book profits at 20,475.

COAL INDIA
Current: Rs 375
Target: Rs 365
Keep a stop at Rs 378 and short. Add to the position between Rs 369 and Rs 370.
Book profits at Rs 365.

AMBUJA CEMENT
Current: Rs 256
Target: Rs 260
Keep a stop at Rs 253 and go long. Add to the position between Rs 258 and Rs 259. Book profits at Rs 260.

BHEL
Current: Rs 288
Target: Rs 283
Keep a stop at Rs 291 and short. Add to the position between Rs 285 and Rs 286.
Book profits at Rs 283.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jan 29 2015 | 10:30 PM IST

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