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Today's picks- 9 January 2015

Nifty, Bank Nifty, DLF, Coal India & Cairn

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Devangshu Datta
Last Updated : Jan 08 2015 | 10:49 PM IST
NIFTY
Current: 8,234 (fut: 8,255)
Target: NA
Stop short positions at 8,325. Stop-long positions at 8,175. A long 8,400c (54) and short 8,500c (30) could gain 10-15 if the futures cross 8,300.

BANK NIFTY
Current: 18,701.4 (futures: 18,779)
Target: 18,500 (futures: 18,600)
Keep a stop at 18,900 and short. Add to the position between 18,625 and 18,650. Book profits at 18,600.

DLF
Current price: Rs 143
Target price: Rs 139
Keep a stop at Rs 144 and short. Add to the position between Rs 140 and Rs 141. Book profits at Rs 139.

COAL INDIA
Current price: Rs 379
Target price: Rs 387
Keep a stop at Rs 375 and go long. Add to the position between Rs 383 and Rs 384. Book profits at Rs 387.

CAIRN
Current price: Rs 242
Target price: Rs 236
Keep a stop at Rs 245 and short. Add to the position between Rs 238 and Rs 239. Book profits at Rs 236.
Target prices, projected movements in terms of the next session, unless otherwise stated

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First Published: Jan 08 2015 | 10:30 PM IST

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