Today's picks- 8 October 2015
Nifty, Bank Nifty, Hindalco, Infosys & Tata Motors
Nifty
Current: 8,177 (fut: 8195)
Target: NA
Stop loss short-positions at 8,250. Stop loss long-positions at 8,145. Big moves could go till 8,325 and 8,075. A long 8000p (77), short 7900p (57) could gain 10-15 if the futures drops below 8,100.
Bank Nifty
Current: 17,617 (futures: 17,689)
Target: NA
Stop loss long positions at 17,575. Stop short positions at 17,800. Big moves could go till 18,000, 17,350. A correction might be on the cards, given stiff resistance at 17,725-17,775.
Hindalco
Current: Rs 82
Target: Rs 79
Keep a stop at Rs 83 and go short. Add to the position between Rs 80-81. Book profits at Rs 79
Infosys
Current: Rs 1,133
Target: Rs 1,155
Keep a stop at Rs 1,120 and go long. Add to the position between Rs 1145 and Rs 1,150. Book profits at Rs 1,155.
Tata Motors
Current: Rs 341
Target: Rs 332
Keep a stop at Rs 346 and short. Add to the position between Rs 336 and Rs 338. Book profits at Rs 332.
Current: 8,177 (fut: 8195)
Target: NA
Stop loss short-positions at 8,250. Stop loss long-positions at 8,145. Big moves could go till 8,325 and 8,075. A long 8000p (77), short 7900p (57) could gain 10-15 if the futures drops below 8,100.
Bank Nifty
Current: 17,617 (futures: 17,689)
Target: NA
Stop loss long positions at 17,575. Stop short positions at 17,800. Big moves could go till 18,000, 17,350. A correction might be on the cards, given stiff resistance at 17,725-17,775.
Hindalco
Current: Rs 82
Target: Rs 79
Keep a stop at Rs 83 and go short. Add to the position between Rs 80-81. Book profits at Rs 79
Infosys
Current: Rs 1,133
Target: Rs 1,155
Keep a stop at Rs 1,120 and go long. Add to the position between Rs 1145 and Rs 1,150. Book profits at Rs 1,155.
Tata Motors
Current: Rs 341
Target: Rs 332
Keep a stop at Rs 346 and short. Add to the position between Rs 336 and Rs 338. Book profits at Rs 332.
Target prices, projected movements in terms of next session, unless otherwise stated