Today's picks- 8 July- 2015
Nifty, Bank Nifty, Tata Steel, NMDC & Cairn India
NIFTY
Current: 8,363 (fut: 8,378)
Target: NA
Stop-loss long positions at 8,290. Stop-short positions at 8,455. A big session could go till 8,200 or 8,500. A long 8,200p (77), short 8,100p (55) would double if the index dips below 8,250.
BANK NIFTY
Current: 18,463 (futures: 18,515)
Target: 18,275 (futures: 18,275)
Keep a stop at 18,550 and short. Add to the position between 18,300 and 18,325. Book profits at 18,275. A long 18,000p (213), short 17,500p (102) costs 111 and it could pay a maximum of 389.
TATA STEEL
Current: Rs 283
Target: Rs 277
Keep a stop at Rs 287 and short. Add to the position between Rs 279 and Rs 280. Book profits at Rs 277.
NMDC
Current: Rs 113
Target: Rs 109
Keep a stop at Rs 115 and short. Add to the position between Rs 110 and Rs 111. Book profits at Rs 109.
CAIRN INDIA
Current: Rs 168
Target: Rs 165
Keep a stop at Rs 170 and short. Add to the position between Rs 166 and Rs 167. Book profits at Rs 165.
Current: 8,363 (fut: 8,378)
Target: NA
Stop-loss long positions at 8,290. Stop-short positions at 8,455. A big session could go till 8,200 or 8,500. A long 8,200p (77), short 8,100p (55) would double if the index dips below 8,250.
BANK NIFTY
Current: 18,463 (futures: 18,515)
Target: 18,275 (futures: 18,275)
Keep a stop at 18,550 and short. Add to the position between 18,300 and 18,325. Book profits at 18,275. A long 18,000p (213), short 17,500p (102) costs 111 and it could pay a maximum of 389.
TATA STEEL
Current: Rs 283
Target: Rs 277
Keep a stop at Rs 287 and short. Add to the position between Rs 279 and Rs 280. Book profits at Rs 277.
NMDC
Current: Rs 113
Target: Rs 109
Keep a stop at Rs 115 and short. Add to the position between Rs 110 and Rs 111. Book profits at Rs 109.
CAIRN INDIA
Current: Rs 168
Target: Rs 165
Keep a stop at Rs 170 and short. Add to the position between Rs 166 and Rs 167. Book profits at Rs 165.
Target prices, projected movements in terms of next session, unless otherwise stated