Today's picks

Nifty, Bank Nifty, Ambuja Cement, HDFC & Tata Steel

Nifty 

Current: 8,179  (fut: 8,191), Target: NA

Stop-long positions at 8,140. 

Stop-short positions at 8,250. 

Big moves could go till 8,070, 8,300. A long 8,100p (83), short 8,000p (57) could gain 10-15 if it drops to 8,125.

Bank Nifty 

Current: 17,970 (fut: 18,031)

Target: NA

Stop-long positions at 17,920. Stop-short positions at 18,150. Big moves could go till 18,350, 17,675. Downtrend could continue.

Ambuja Cement

Current price: Rs 215 

Target price: Rs 210 

Keep a stop at Rs 218 and go short. Add to the position between Rs 211 and Rs 212. Book profits at Rs 210.

HDFC 

Current price: Rs 1,217

Target price: Rs 1,195

Keep a stop at Rs 1,230 and go short. Add to the position between Rs 1,200 and Rs 1,205. Book profits at Rs 1,195.

Tata Steel   

Current price: Rs 406  

Target price: Rs 414

Keep a stop at Rs 402 and go long. Add to the position between Rs 410 and Rs 412. Book profits at Rs 414.

Target prices, projected movements in terms of next session, unless otherwise stated