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Today's picks- 11 September 2014

Nifty, Bank Nifty, ONGC, PowerGrid & Maruti

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Devangshu Datta
Last Updated : Sep 11 2014 | 10:38 PM IST
NIFTY
Current: 8,086 (fut: 8,117)
Target: NA
Stop short positions at 8,200. Stop long positions at 8,000. Big moves could go till 8,250, 7,975. Key support at 8,075. A long 8,000p (34), long 8,300c (15) gains on a big move. (All futures prices)

BANK NIFTY
Current: 16,204 (futures: 16,273)
Target: 16,335 (futures: 16,400)
Keep a stop at 16,220 and go long. Add to the position between 16,325 and 16,350. Book profits at 16,400.

ONGC
Current: Rs 429
Target: Rs 420
Keep a stop at Rs 433 and go short. Add to the position between Rs 423 and Rs 424. Book profits at Rs 420.

POWERGRID
Current: Rs 138
Target: Rs 142
Keep a stop loss at Rs 136 and go long. Add to the position between Rs 140 and Rs 141. Book profits at Rs 142.

MARUTI
Current: Rs 2,917
Target: Rs 2,950
Keep a stop at Rs 2,890 and go long. Add to the position between Rs 2,930 and Rs 2,940. Book profits at Rs 2,950.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Sep 11 2014 | 10:30 PM IST

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