Today's picks- 3 November 2014

Nifty, Bank Nifty, Coal India, Tech Mahindra & Sun Pharma

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Devangshu Datta New Delhi
Last Updated : Nov 03 2014 | 10:36 PM IST
NIFTY
Current: 8,324 (fut: 8,359)
Target: NA
Stop-loss short positions at 8,400. Stop-loss long positions at 8,300. A big move could go till 8,250 or 8,450. A long 8,400c (79) and short 8500c (41) wll gain 10-15 if the futures hits 8,400-plus. 

BANK NIFTY
Current: 17,134 (fut: 17,219)
Target: 17,300 (fut: 17,375)
Keep a stop at 17,150 and go long. Add to the position between 17,300 and 17,325. Book profits at 17,375.

COAL INDIA
Current: Rs 359
Target: Rs 353
Keep a stop at Rs 364 and short. Add to the position between Rs 355 and Rs 356. Book profits at Rs 353.

TECH MAHINDRA
Current: Rs 2,580
Target: Rs 2,620
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2,600 and Rs 2,620. Book profits at Rs 2,620.

SUN PHARMA
Current price: Rs 853
Target price: Rs 865
Keep a stop at Rs 845 and go long. Add to the position between Rs 862 and Rs 864. Book profits at Rs 865.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Nov 03 2014 | 10:15 PM IST

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