Today's picks- 29 October 2014

Nifty, Bank Nifty, NTPC, DLF & BHEL

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Devangshu Datta New Delhi
Last Updated : Oct 29 2014 | 10:35 PM IST
NIFTY
Current: 8,090 (fut: 8,091),
Target: NA
Stop short positions at 8,150. Stop long positions at 8,025. Big swings are unlikely but could go till 7,975 or 8,175. A strangle of long 8,200c (1) and long 8,000p (4) could multiply in value on a big move.

BANK NIFTY
Current: 16,634 (fut: 16,650)
Target: 16,475
Keep a stop at 16,715 and short. Add to the position between 16,500 and 16,525. Book profits at 16,475.

NTPC
Current price: Rs 146
Target price: Rs 142
Keep a stop at Rs 148 and short. Add to the position between Rs 143 and Rs 144. Book profits at Rs 142.

DLF
Current price: Rs 118
Target price: Rs 112
Keep a stop at Rs 121 and short. Add to the position between Rs 115 and Rs 116. Book profits at Rs 112.

BHEL
Current price: Rs 255
Target price: Rs 248
Keep a stop at Rs 260 and short. Add to the position between Rs 250 and Rs 252. Book profits at Rs 248.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Oct 29 2014 | 10:19 PM IST

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