Today's picks- 7 September 2015
NIFTY
Current: 7,559 (futures: 7,575)
Target: NA
Stop-loss short positions at 7,625. Stop-long positions at 7,490. Big moves could be till 7,700, 7,425. A long 7,400p (115), short 7,300p (88) could gain 15-20 if the futures hits 7,475.
BANK NIFTY
Current: 15,790 (fut: 15,825)
Target: NA
Stop-loss short positions at 15,925. Stop-loss long positions at 15,675. Bug moves could go till 16,100, 15,500. Downtrend likely to continue.
ONGC
Current price: Rs 226
Target price: Rs 222
Keep a stop at Rs 228 and go short. Add to the position between Rs 223 and Rs 224. Book profits at Rs 222.
POWERGRID
Current price: Rs 122
Target price: Rs 119
Keep a stop at Rs 123.5 and short. Add to the position between Rs 119.75 and Rs 120.5. Book profits at Rs 119.
TECH MAHINDRA
Current price: Rs 538
Target price: Rs 548
Keep a stop at Rs 532 and go long. Add to the position between Rs 542 and Rs 545. Book profits at Rs 548.
Current: 7,559 (futures: 7,575)
Target: NA
Stop-loss short positions at 7,625. Stop-long positions at 7,490. Big moves could be till 7,700, 7,425. A long 7,400p (115), short 7,300p (88) could gain 15-20 if the futures hits 7,475.
BANK NIFTY
Current: 15,790 (fut: 15,825)
Target: NA
Stop-loss short positions at 15,925. Stop-loss long positions at 15,675. Bug moves could go till 16,100, 15,500. Downtrend likely to continue.
ONGC
Current price: Rs 226
Target price: Rs 222
Keep a stop at Rs 228 and go short. Add to the position between Rs 223 and Rs 224. Book profits at Rs 222.
POWERGRID
Current price: Rs 122
Target price: Rs 119
Keep a stop at Rs 123.5 and short. Add to the position between Rs 119.75 and Rs 120.5. Book profits at Rs 119.
TECH MAHINDRA
Current price: Rs 538
Target price: Rs 548
Keep a stop at Rs 532 and go long. Add to the position between Rs 542 and Rs 545. Book profits at Rs 548.
Target prices, projected movements in terms of next session, unless otherwise stated