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Today's picks- 10 May 2016

Nifty, Bank Nifty, Bajaj Auto, HDFC & HCL Tech

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Devangshu Datta
Last Updated : May 10 2016 | 6:00 AM IST
NIFTY
Current: 7,866 (futures: 7,912)
Target: NA
Stop-loss long positions at 7,850. Stop-short positions at 7,970. Big moves could go till 8,025, 7,800. A long 8,000c (62), short 8,100c (32) could gain 10-15 if the futures hits 8,000.

BANK NIFTY
Current: 16,686 (fut: 16,780)
Target: NA
Stop-long positions at 16,680. Stop-short positions at 16,880. Big moves could go till 17,050, 16,500. Uptrend could hit resistance at 16,850-16,900 (futures price).

BAJAJ AUTO
Current price: Rs 2,537
Target price: Rs 2,490
Keep a stop at Rs 2,565 and go short. Add to the position between Rs 2,500 and Rs 2,510. Book profits at Rs 2,490.

HDFC
Current price: Rs 1,204
Target price: Rs 1,225
Keep a stop at Rs 1,195 and go long. Add to the position between Rs 1,216 and Rs 1,220. Book profits at Rs 1,225.

HCL TECH
Current price: Rs 721
Target price: Rs 707
Keep a stop at Rs 728 and go short. Add to the position between Rs 710 and Rs 714. Book profits at Rs 707.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: May 10 2016 | 6:00 AM IST

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