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Today's picks

Nifty, Bank Nifty, Tata Power, Tata Motors & HCL Tech

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Devangshu Datta
Last Updated : May 28 2014 | 10:55 PM IST
NIFTY
Current: 7,330 (fut: 7,337)
Target: NA
Stop long positions at 7,275 and stop shorts at 7,400. Big moves could go till 7,220 or 7,450. A long 7,300p (12) and long 7,400c (7) breaks even at 7,420 and 7,280.

BANK NIFTY
Current: 15,173 (futures: 15,195)
Target: NA
Stop long positions at 15,075 and stop shorts at 15,275. Big moves could go till 14,900 or 15,400. An uptrend seems a little more likely.

TATA POWER
Current: Rs 102
Target: Rs 108
Keep a stop at Rs 99 and go long. Add to the position between Rs 104 and Rs 106. Book profits at Rs 108.

TATA MOTORS
Current: Rs 429
Target: Rs 440
Keep a stop at Rs 422 and go long. Add to the position between Rs 433 and Rs 437. Book profits at Rs 440.

HCL TECH
Current: Rs 1,440
Target: Rs 1,405
Keep a stop at Rs 1,455 and short. Add to the position between Rs 1,415 and Rs 1,430. Book profits at Rs 1,405.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: May 28 2014 | 10:30 PM IST

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