Today's picks- 6 January 2014

Nifty,Bank Nifty, ONGC, Sesa Sterlite & Reliance Industries

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Devangshu Datta
Last Updated : Jan 06 2015 | 11:21 PM IST
NIFTY
Current: 8,127 (futures: 8,150)
Target: NA
Down trend established. Stop long positions at 8,075. Stop short positions at 8,230. A long 8,000p (81), short 7,900p (57) costs 24 and it would double if 8,000 is struck.

BANK NIFTY
Current: 18,430 (futures: 18,482)
Target: 18,200 (futures: 18,275)
Keep a stop at 18,600 and go short. Add to the position between 18,300 and 18,325. Book profits at 18,275

ONGC
Current price: Rs 333
Target price: Rs 326
Keep a stop at Rs 337 and go short. Add to the position between Rs 327 and Rs 328. Book profits at Rs 326.

SESA STERLITE
Current price: Rs 209
Target price: Rs 202
Keep a stop at Rs 214 and go short. Add to the position between Rs 204 and Rs 205. Book profits
at Rs 202

RELIANCE INDUSTRIES
Current price: Rs 836
Target price: Rs 850
Keep a stop at Rs 828 and go long. Add to the position between Rs 844 and Rs 846. Book profits at Rs 850.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jan 06 2015 | 10:30 PM IST

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