Today's picks- 3 January 2015

Nifty, Bank Nifty, Sun Pharma, DLF & Mahindra & Mahindra

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Devangshu Datta
Last Updated : Feb 03 2015 | 10:47 PM IST
NIFTY
Current: 8,756 (fut: 8,807),
Target: NA
Stop-loss shorts at 8,865. Stop-long positions at 8,740. If the downtrend continues, a long 8,600p (82) and short 8,500p (58) could gain 15-20 if the futures drop till 8,675.

BANK NIFTY
Current: 19,382 (fut: 19,442)
Target: 19,150 (fut: 19,275)
Keep a stop at 19,550 and go short. Add to the position between 19,300 and 19,325. Book profits at 19,275.

SUN PHARMA
Current price: Rs 941
Target price: Rs 955
Keep a stop at Rs 932 and go long. Add to the position between Rs 947 and Rs 950. Book profits at Rs 955.

DLF
Current price: Rs 170
Target price: Rs 164
Keep a stop at Rs 174 and short. Add to the position between Rs 165 and Rs 166. Book profits at Rs 164.

MAHINDRA & MAHINDRA
Current price: Rs 1,199
Target price: Rs 1,180
Keep a stop at Rs 1,210 and go short. Add to the position between Rs 1,185 and Rs 1,190. Book profits at Rs 1,180.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Feb 03 2015 | 10:30 PM IST

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