Today's picks

Nifty, Bank Nifty, Sun Pharma, Infosys, Coal India

Nifty  

     

Current: 10,214 (fut: 10,264) Target: NA

Stop-long positions at 10,150. Stop-short positions at 10,325. Big moves could go till 10,400, 10,125. A long 10,200p (58), short 10,300p (35) could gain 15-20 if the index correct again, down to 10,175. 

Bank Nifty     

  

Current: 25,450   (futures: 25,550) 

Target: NA  

Stop-long positions at 25,450. Stop-short positions at 25,650. Big moves could go till 25,850, 25,200. Massive resistance at 25,600-25,650 (future).

Sun Pharma  

          

Current price: Rs 508

Target price: Rs 518

Keep a stop at Rs 502 and go long. Add to the position between Rs 514  and Rs 516. Book profits at Rs 518.

Infosys

  

Current price: Rs 988

Target price: Rs 1.005

Keep a stop at Rs 980 and go long. Add to the position between Rs 1,000 and Rs 1,003. Book profits at Rs 1,005. 

Coal India

        

Current price: Rs 268 

Target price: Rs 263

Keep a stop at Rs 271 and go short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263.

---

Target prices, projected movements in terms of next session, unless otherwise stated