Today's picks- 9 October 2014

Nifty, Bank Nifty, BHEL & Tech M

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Devangshu Datta
Last Updated : Oct 09 2014 | 10:31 PM IST
NIFTY
Current: 7,961 (fut: 7,984),
Target: NA
Stop loss shorts at 8,050 . Stop long positions at 7,910. Big moves could go till 8,100 or 7,875. A long 8100c (42), short 8,200c (18) could gain 10-15 if the 8,100 option is hit. (All futures prices )

BANK NIFTY
Current: 15,741 (fut: 15,803);
Target: NA
Keep a stop at 15,725 (futures rate) and go long. Add to the position between 15,900 and 15,925. Book profits at 16,000. A fall below 15,700 could mean a drop till 15,600

BHEL
Current price: Rs 219
Target price: Rs 213
Keep a stop at Rs 222 and short. Add to the position between Rs 215 and Rs 217. Book profits at Rs 213.

TECH M
Current price: Rs 2,336
Target price: Rs 2,380
Keep a stop at Rs 2,300 and go long. Add to the position between Rs 2,350 and Rs 2,360. Book profits at Rs 2,380.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Oct 09 2014 | 10:30 PM IST

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