Today's picks- 9 September 2015

Nifty, Bank Nifty, Bhel, HCL Tech & GAIL

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Devangshu Datta
Last Updated : Sep 09 2015 | 6:00 AM IST
NIFTY
Current: 7,688 (futures: 7,719)
Target: NA
Stop-loss long positions at 7,660. Stop-loss short positions at 7,810. Big moves could go till 7,850, 7,600. A long 7,900c (78), short 8,000c (49) could gain 10-15 if the futures cross 7,800.    

BANK NIFTY
Current: 16,351 (fut: 16,403)
Target: NA
Stop-long positions at 16,275. Stop-short positions at 16,550. Big moves could go till 16,750 or 16,100. A long 17,000c (187) short 17,500c (83), could double in value if the futures crosses 16,700.   

BHEL
Current price: Rs 212 
Target price: Rs 207
Keep a stop at Rs 215 and short. Add to the position between Rs 209 and Rs 210. Book profits at Rs 207.

HCL TECH
Current price: Rs 936
Target price: Rs 950
Keep a stop at Rs 925 and go long. Add to the position between Rs 944 and Rs 947 Book profits at Rs 950.

GAIL
Current price: Rs 295
Target price: Rs 290
Keep a stop at Rs 298 and short. Add to the position between Rs 291 and Rs 292. Book profits at Rs 290.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 09 2015 | 6:00 AM IST

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