Today's picks

Nifty, Bank Nifty, Ambuja Cement, HDFC & Tata Steel

Nifty 

Current: 8,179  (fut: 8,191), Target: NA

Stop-long positions at 8,140. 

Stop-short positions at 8,250. 

Big moves could go till 8,070, 8,300. A long 8,100p (83), short 8,000p (57) could gain 10-15 if it drops to 8,125.

Bank Nifty 

Current: 17,970 (fut: 18,031)

Target: NA

Stop-long positions at 17,920. Stop-short positions at 18,150. Big moves could go till 18,350, 17,675. Downtrend could continue.

Ambuja Cement

Current price: Rs 215 

Target price: Rs 210 

Keep a stop at Rs 218 and go short. Add to the position between Rs 211 and Rs 212. Book profits at Rs 210.

HDFC 

Current price: Rs 1,217

Target price: Rs 1,195

Keep a stop at Rs 1,230 and