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Today's picks- 13 October 2014

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

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Devangshu Datta
Last Updated : Oct 13 2014 | 10:30 PM IST
NIFTY
Current: 7,884 (fut: 7,912)
Target: NA
Stop-loss shorts at 7,975. Stop long positions at 7,850. Big moves could go till 8,025 or 7,800. A long 8100c (28) and long 7,700p (29) would gain 10-15 on a big swing.

BANK NIFTY
Current: 15,678 (fut: 15,702)
Target: 15,525 (fut: 15,575)
Keep a stop at 15,750 and go short. Add to the position between 15,600 and 15,625. Book profits at 15,575.

TATA POWER
Current: Rs 85
Target: Rs 89
Keep a stop at Rs 83 and go long. Add to the position between Rs 87 and Rs 88. Book profits at Rs 89.

M&M
Current: Rs 1,269
Target: Rs 1,250
Keep a stop at Rs 1,285 and short. Add to the position between Rs 1,255-1260. Book profits at Rs 1,250.

HCL TECH
Current: Rs 1,756
Target: Rs 1,790
Keep a stop at Rs 1,738 and go long. Add to the position between Rs 1,775 and Rs 1,785. Book profits at Rs 1,790.
Target prices, projected movements in terms of next session, unless otherwise stated  

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First Published: Oct 13 2014 | 10:30 PM IST

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