Today's picks- 8 June 2016

Nifty, Bank Nifty, UltraTech, Tata Power & Zee Entertainment

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Devangshu Datta
Last Updated : Jun 08 2016 | 6:00 AM IST
Nifty
Current: 8,266 (futures: 8,283)
Target: NA

Stop-loss long positions at 8,225. Stop-short positions at 8,350. Big moves could go till 8,400, 8,150. A long 8,400c (55), short 8,500c (27) would gain 10-15 if the 8,350 mark is tested.

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Bank Nifty
Current: 17,948 (fut: 17,886)
Target: NA

Stop-long positions at 17,800. Stop-short positions at 18,000. Big moves could go till 18,200, 17,600. The undertone is bullish.

UltraTech
Current price: Rs 3,335
Target price: Rs 3,390

Keep a stop at Rs 3,300, and go long. Add to the position between Rs 3,365 and Rs 3,375. Book profits at Rs 3,390.

Tata Power
Current price: Rs 73.5
Target price: Rs 71.5

Keep a stop at Rs 74.5 and go short. Add to the position between Rs 72 and Rs 72.5. Book profits at Rs 71.5.

Zee Entertainment
Current price: Rs 463
Target price: Rs 468

Keep a stop at Rs 460 and go long. Add to the position between Rs 466 and Rs 467. Book profits at Rs 468.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jun 08 2016 | 6:00 AM IST

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