Today's picks- 7 April 2016

Nifty, Bank Nifty, Tata Steel, HDFC & ACC

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Devangshu Datta
Last Updated : Apr 07 2016 | 6:00 AM IST
NIFTY
Current: 7,614 (futures: 7,640)
Target: NA
Stop-long positions at 7,590. Stop-short positions at 7,690. Big moves could go till 7,775, 7,520. A long 7500p (67), short 7,400p (43) could gain 10-15 if the futures drops below 7,550.

BANK NIFTY
Current: 15,637 (fut: 15,730)
Target: NA
Stop-long positions at 15,610. Stop-short positions at 15,850. Big moves could go till 16,050, 15,400. Trend looks net bearish.

TATA STEEL
Current price: Rs 329
Target price: Rs 335
Keep a stop at Rs 325 and go long. Add to the position between Rs 332 and Rs 333. Book profits at Rs 335.

HDFC
Current price: Rs 1,102
Target price: Rs 1,120
Keep a stop at Rs 1,090 and go long. Add to the position between Rs 1,112 and Rs 1,118. Book profits at Rs 1,120.

ACC
Current price: Rs 1,427
Target price: Rs 1,450
Keep a stop at Rs 1,410 and go long. Add to the position between Rs 1,440 and Rs 1,445. Book profits at Rs 1,450.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 07 2016 | 6:00 AM IST

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