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Today's picks- 8 September 2016

Nifty, Bank Nifty, BHEL, UltraTech & Maruti Suzuki

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Devangshu Datta
Last Updated : Sep 08 2016 | 6:00 AM IST
Nifty
Current: 8,918 (fut: 8,957)
Target: NA

Stop-loss short positions at 9,025. Stop-long positions at 8,890. Big moves could go till 8,825, 9,075. A long 9,000c (75), short 9,100c (38) could gain 10-15 if the futures hits 9,000.

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Bank Nifty
Current: 20,407 (futures: 20,535)
Target: NA

Stop-long positions at 20,425. Stop-short positions at 20,625. Big moves could go till 20,200, 20,850. Trend remains bullish.

BHEL
Current price: Rs 160
Target price: Rs 157

Keep a stop at Rs 161.75 and go short. Add to the position between Rs 158 and Rs 159. Book profits at Rs 157.

UltraTech
Current: Rs 4,085
Target: Rs 4,140

Keep a stop at Rs 4,050 and go long. Add to the position between Rs 4,110 and Rs 4,130. Book profits at Rs 4,140.

Maruti Suzuki
Current: Rs 5,336
Target: Rs 5,400

Keep a stop at Rs 5,290 and go long. Add to the position between Rs 5,360 and Rs 5,380. Book profits at Rs 5,400.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Sep 08 2016 | 6:00 AM IST

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