Today's picks- 8 June 2015

Nifty, Bank Nifty, Cairn, Tata Steel & Hindalco

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Devangshu Datta
Last Updated : Jun 08 2015 | 10:30 PM IST
NIFTY
Current: 8,043 (fut: 8,044)
Target: NA
Stop loss short positions at 8,135. Stop long positions at 7,965. A long 7,900p (75), short 7,800p (48) could gain 10-15 if the futures drops below 7,950.

BANK NIFTY
Current: 17,407 (futures: 17,400)
Target: 17,200 (futures: 17,225)
Keep a stop at 17,505 and go short. Add to the position between 17,250-17,275. Book profits at 17,225.

CAIRN
Current: Rs 181
Target: Rs 177
Keep a stop at 184 and go short. Add to the position between 179-180. Book profits at 177. 

TATA STEEL
Current: Rs 302
Target: Rs 295
Keep a stop at 306 and go short. Add to the position between 299-300. Book profits at 295.

HINDALCO
Current: Rs 118
Target: Rs 115
Keep a stop at 120 and go short. Add to the position between 116-117. Book profits at 115.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 08 2015 | 10:30 PM IST

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