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Today's picks

Nifty, Bank Nifty, Tata Steel, Hindustan Unilever & Maruti

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Devangshu Datta
NIFTY
Current: 7,635 (fut: 7,668)
Target: NA
Stop-loss shorts at 7,720. Stop long positions at 7,600. Big moves could go till 7,500 or till 7,750. There is some bullish bias. A long 7,800c (88) and short 7,900c (54) could gain 15-20 if the index rises above 7,700. (All futures prices)

BANK NIFTY
Current: 15,321 (futures: 15,450)
Target: 14,475 (futures: 15,600)
Keep a stop at 15,375 and go long. Add to the position between 14,500 and 14,525. Book profits at 14,600. (All futures prices)

TATA STEEL
Current: Rs 541
Target: Rs 550
Keep a stop at Rs 535 and go long. Add to the position between Rs 543 and Rs 548. Book profits at Rs 550.

HINDUSTAN UNILEVER
Current: Rs 629
Target: Rs 640
Keep a stop at Rs 620 and go long. Add to the position between Rs 633 and Rs 639. Book profits at Rs 640.

MARUTI
Current: Rs 2,584
Target: Rs 2,630
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2,610 and Rs 2,625. Book profits at Rs 2,630.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: Jul 01 2014 | 10:30 PM IST

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