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Today's picks- 3 September 2014

Nifty, Bank Nifty, Bharti Airtel, Tech Mahindra & Tata Power

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Devangshu Datta New Delhi
Last Updated : Sep 02 2014 | 10:21 PM IST
Nifty
Current: 8,083 (fut: 8,126),
Target: NA

Stop short positions at 8,175. Stop long positions at 8,050. Big moves could go till 8,250 or 8,000. A long 8,200c (65) and short 8,300c (33) could gain 10-15 if the futures crosses 8,175.

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Bank Nifty
Current: 16,131 (fut: 16,206)
Target: 16,275 (fut: 16,350)

Keep a stop at 16,125 and go long. Add to the position between 16,300 and 16,325.
Book profits at 16,350. (All futures prices)

Bharti Airtel
Current price: Rs 392
Target price: Rs 400

Keep a stop at Rs 387 and go long. Add to the position between Rs 394 and Rs 396. Book profits at Rs 400.

Tech Mahindra
Current price: Rs 2,407
Target price: Rs 2,450

Keep a stop at Rs 2,385 and go long. Add to the position between Rs 2,425 and Rs 2,435.
Book profits at Rs 2,450.

Tata Power
Current price: Rs 89
Target price: Rs 85

Keep a stop at Rs 90.5 and short. Add to the position between Rs 85.5 and Rs 86.
Book profits at Rs 85.

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

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First Published: Sep 02 2014 | 9:52 PM IST

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