Today's picks- 8 January 2015
Nifty, Bank Nifty, HInd Unilever, BHEL & ZEEL
NIFTY
Current: 7,568 (futures: 7,574)
Target: NA
Stop-long positions at 7,500. Stop-short positions at 7,655. Big moves could go till 7,700, 7,450. A long 7,700c (71), short 7,800p (40) could gain if there's short-covering.
BANK NIFTY
Current: 16,074 (fut: 16,080)
Target: NA
Stop-loss short positions at 16,200. Stop-long positions at 15,970. Big moves could go till 15,800, 16,400. There could be a small rally based on short covering.
HIND UNILEVER
Current price: Rs 820
Target price: Rs 828
Keep a stop at Rs 815 and go long. Add to the position between Rs 825 and Rs 827. Book profits at Rs 828.
BHEL
Current price: Rs 154
Target price: Rs 158
Keep a stop at Rs 152 and go long. Add to the position between Rs 156 and Rs 157. Book profits at Rs 158.
ZEEL
Current price: Rs 415
Target price: Rs 422
Keep a stop at Rs 411 and go long. Add to the position between Rs 419 and Rs 420. Book profits at Rs 422.
Current: 7,568 (futures: 7,574)
Target: NA
Stop-long positions at 7,500. Stop-short positions at 7,655. Big moves could go till 7,700, 7,450. A long 7,700c (71), short 7,800p (40) could gain if there's short-covering.
BANK NIFTY
Current: 16,074 (fut: 16,080)
Target: NA
Stop-loss short positions at 16,200. Stop-long positions at 15,970. Big moves could go till 15,800, 16,400. There could be a small rally based on short covering.
HIND UNILEVER
Current price: Rs 820
Target price: Rs 828
Keep a stop at Rs 815 and go long. Add to the position between Rs 825 and Rs 827. Book profits at Rs 828.
BHEL
Current price: Rs 154
Target price: Rs 158
Keep a stop at Rs 152 and go long. Add to the position between Rs 156 and Rs 157. Book profits at Rs 158.
ZEEL
Current price: Rs 415
Target price: Rs 422
Keep a stop at Rs 411 and go long. Add to the position between Rs 419 and Rs 420. Book profits at Rs 422.
Target prices, projected movements in terms of next session, unless otherwise stated