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Today's picks

Nifty, Bank Nifty, Power Grid, DLF & Larsen & Toubro

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Devangshu Datta
Last Updated : Jun 09 2014 | 10:45 PM IST
NIFTY
Current: 7,654 (fut: 7,664)
Target: NA
Stop-loss shorts at 7,700. Stop long positions at 7,590. Big moves could go till 7,750 or 7,550. A long 7,700c (77) and short 7,800c (42) could gain 15-20 if the index rises to 7,725.

BANK NIFTY
Current: 15,567 (futures: 15,553)
Target: 15,750
Keep a stop at 15,475 and go long. Add to the position between 15,650 and 15,675. Book profits above 15,750. (Futures prices)

POWER GRID
Current: Rs 137
Target: Rs 145
Keep a stop at Rs 134 and go long. Add to the position between Rs 142 and Rs 144. Book profits above Rs 145.

DLF
Current: Rs 241
Target: Rs 235
Keep a stop at Rs 244 and go short. Add to the position between Rs 237 and Rs 239. Book profits at Rs 235.

LARSEN & TOUBRO
Current: Rs 1,752
Target: Rs 1,790
Keep a stop at Rs 1,725 and go long. Add to the position between Rs 1,770 and Rs 1,780. Book profits above Rs 1,790.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Jun 09 2014 | 10:30 PM IST

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