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Today's picks- 4 June 2015

Nifty, Bank Nifty, BPCL, Tata Steel & Vedanta

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Devangshu Datta
NIFTY
Current: 8,131 (futures: 8,147)
Target: NA
Stop-loss long positions at 8,055. Stop loss short positions at 8,225. A long 7,900p (55), short 7,800p (35) could gain 10-15 if the futures dips below 8,000

BANK NIFTY
Current: 17,720 (futures: 17,745)
Target: 17,450 (futures: 17,500)
Keep a stop at 17,850 and go short. Add to the position between 17,550-17,575. Book profits at 17,500

BPCL
Current: Rs 867
Target: Rs 880
Keep a stop at Rs 858 and go long, Add to the position between Rs 875-878. Book profits at Rs 880.

TATA STEEL
Current: Rs 308
Target: Rs 302
Keep a stop at Rs 312 and go short. Add to the position between Rs 303-304. Book profits at Rs 302.

VEDANTA
Current: Rs 184
Target: Rs 180.5
Keep a stop at Rs 186 and go short. Add to the position between Rs 181-182. Book profits at Rs 180.50.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: Jun 04 2015 | 10:30 PM IST

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