Today's picks

Nifty, Bank Nifty, Sun Pharma, Infosys, Coal India

Nifty  

     

Current: 10,214 (fut: 10,264) Target: NA

Stop-long positions at 10,150. Stop-short positions at 10,325. Big moves could go till 10,400, 10,125. A long 10,200p (58), short 10,300p (35) could gain 15-20 if the index correct again, down to 10,175. 

Bank Nifty     

  

Current: 25,450   (futures: 25,550) 

Target: NA  

Stop-long positions at 25,450. Stop-short positions at 25,650. Big moves could go till 25,850, 25,200. Massive resistance at 25,600-25,650 (future).

Sun Pharma  

          

Current price: Rs 508

Target price: Rs 518

Keep a stop at Rs 502 and go long. Add to the position between Rs 514  and Rs 516. Book profits at Rs 518.

Infosys

  

Current price: Rs 988

Target price: Rs 1.005

Keep a stop at Rs 980 and go long. Add to the position between Rs 1,000 and Rs 1,003. Book profits at Rs 1,005. 

Coal India

        

Current price: Rs 268 

Target price: Rs 263

Keep a stop at Rs 271 and go short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263.
Target prices, projected movements in terms of next session, unless otherwise stated