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Today's picks

Nifty, Bank Nifty, Wipro, Cairn & Hind Unilever

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Devangshu Datta
NIFTY
Current: 7,830 (fut: 7,833)
Target: NA
Stop-loss shorts at 7,900. Stop long positions at 7,750. Big moves could go till 7,925 or 7,700. A long 7,900c (20) and long 7,700p (11) could gain 15-20 on a big move in any direction.

BANK NIFTY
Current: 15,534 (futures: 15,569)
Target: 15,375 (futures: 15,400)
Keep a stop at 15,625 and short. Add to the position between 15,450 and 15,475. Book profits at 15,400. (All futures prices)

WIPRO
Current: Rs 577
Target: Rs 590
Keep a stop at Rs 570 and go long. Add to the position between Rs 582 and Rs 585. Book profits at Rs 590.

CAIRN
Current: Rs 323
Target: Rs 312
Keep a stop at Rs 330 and short. Add to the position between Rs 316 and Rs 318. Book profits at Rs 312.

HIND UNILEVER
Current: Rs 643
Target: Rs 655
Keep a stop at Rs 635 and go long. Add to the position between Rs 647 and Rs 650. Book profits at Rs 655.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: Jul 24 2014 | 10:30 PM IST

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