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Todays picks

Nifty, Bank Nifty, HCL Tech, Coal India & BHEL

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Devangshu Datta
NIFTY
Current: 7,656 (futures: 7,675)
Target: NA
Stop shorts at 7,725, long at 7,625. Big moves could go till 7,575 or 7,775. A long 7,600p (57) and short 7,500p (31) could double if the index dips to 7,600.

BANK NIFTY
Current: 15,428 (futures: 15,459)
Target: 15,300
Keep a stop at 15,525 and short. Add to the position between 15,350 and 15,375. Book profits at 15,300.

HCL TECH
Current: Rs 1,398
Target: Rs 1,420
Keep a stop at Rs 1,384 and go long. Add to the position between Rs 1,405 and Rs 1,415. Book profits at Rs 1,420.

COAL INDIA
Current: Rs 420
Target: Rs 410
Keep a stop at Rs 425 and short. Add to the position between Rs 414 and Rs 418. Book profits at Rs 410.

BHEL
Current: Rs 256
Target: Rs 242
Keep a stop at Rs 262 and go short. Add to the position between Rs 247 and Rs 251. Book profits below Rs 242.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: Jun 10 2014 | 10:30 PM IST

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