Today's picks: 29 June 2016

Nifty, Bank Nifty, Coal India, Ambuja Cement & Hero MotoCorp

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Devangshu Datta
Last Updated : Jun 30 2016 | 6:00 AM IST
Nifty
Current: 8,204 (futures: 8,204)
Target: NA

Stop-long positions at 8,145. Stop-short positions at 8,265. Big moves could go till 8,325, 8,075. A long 8,100p (4), long 8,300c (4) could work if the index closes outside 8,090, 8,310. The mood could be upbeat through settlement.

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Bank Nifty
Current: 17,690 (fut: 17,680)
Target: NA

Stop-long positions at 17,575. Stop-short positions at 17,800. Big moves could go till 18,000, 17,400. Resistances at 17,750-17,800, support at 17,500-17,550. Uptrend through settlement day seems likely.

Coal India
Current price: Rs 311
Target price: Rs 306

Keep a stop at Rs 314 and go short. Add to the positions between Rs 307 and Rs 308. Book profits at Rs 306.

Ambuja Cement
Current price: Rs 256
Target price: Rs 261

Keep a stop at Rs 253 and go long. Add to the position between Rs 258 and Rs 259. Book profits at Rs 261.

Hero MotoCorp
Current price: Rs 3,156
Target price: Rs 3,100

Keep a stop at Rs 3,185 and go short. Add to the position between Rs 3,105 and Rs 3,120. Book profits at Rs 3,100.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 30 2016 | 6:00 AM IST

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