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Today's picks

Nifty, Bank Nifty, Tata Power, Coal India & IDFC

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Devangshu Datta
Last Updated : Jul 17 2014 | 10:24 PM IST
NIFTY
Current: 7,640 (fut: 7,657)
Target: NA
Stop-loss shorts at 7,710. Stop long positions at 7,575. Big moves could go till 7,525 or 7,775. A long 7,700c (57) and short 7,800c (25) could gain 10-15 if the futures cross 7,700.

BANK NIFTY
Current: 15,269 (futures: 15,294)
Target: 15,400 (futures: 15,450)
Keep a stop at 15,225 and go long. Add to the position between 15,375 and 15,400. Book profits at 15,450. (All futures prices)

TATA POWER
Current: Rs 109
Target: Rs 114
Keep a stop at Rs 106 and go long. Add to the position between Rs 110 and Rs 112. Book profits at Rs 114.

COAL INDIA
Current: Rs 377
Target: Rs 370
Keep a stop at Rs 380 and go short. Add to the position between Rs 372 and Rs 374. Book profits at Rs 370.

IDFC
Current: Rs 159
Target: Rs 154
Keep a stop at Rs 162 and short. Add to the position between Rs 155 and Rs 157. Book profits at Rs 154.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Jul 17 2014 | 10:22 PM IST

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