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Today's picks- 27 August 2014

Nifty, Bank Nifty, IDFC, Hindusthan Unilever & Tata Power

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Devangshu Datta
Last Updated : Aug 26 2014 | 10:30 PM IST
NIFTY
Current: 7,905 (fut: 7,909),
Target: NA
Stop short positions at 7,965. Stop long positions at 7,845. Big moves could go 7,800, or 8,025. A long 7,900p (23) and short 7,800p (3) could double on a dip below 7,850 and the trend looks bearish.

BANK NIFTY
Current: 15,624 (fut: 15,661)
Target: 15,425 (fut: 15,450)
Keep a stop at Rs 15,725 and short. Add to the position between Rs 15,525 and Rs 15,550. Book profits at Rs 15,450.

IDFC
Current price: Rs 143
Target price: Rs 140
Keep a stop at Rs 145 and go long. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.

HINDUSTHAN UNILEVER
Current price: Rs 727
Target price: Rs 740
Keep a stop at Rs 720 and go long,. Add to the position between Rs 735 and Rs 738. Book profits at Rs 740.

TATA POWER
Current price: Rs 88
Target price: Rs 84
Keep a stop at Rs 90 and short. Add to the position between Rs 85 and Rs 86. Book profits at Rs 84.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Aug 26 2014 | 10:30 PM IST

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