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Today's picks- 12 May 2015

Nifty, Bank Nifty, NTPC, State Bank of India & Coal India

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Devangshu Datta
NIFTY
Current: 8,325 (fut: 8,337)
Target: NA
Stop-loss shorts at 8,410. Stop-loss long positions at 8,265. A long 8,500c (62) , short 8,600c (35) could gain 10-15 if the futures tests resistance at 8,450.

BANK NIFTY
Current: 18,184 (futures: 18,210)
Target: 18,350 (futures: 18,400)
Keep a stop at 18,100 and go long. Add to the position between 18,325 and 18,350. Book profits at 18,400.

NTPC
Current price: Rs 145
Target price: Rs 148
Keep a stop at Rs 143 and go long. Add to the position between Rs 146 and Rs 147. Book profits at Rs 148.

STATE BANK OF INDIA
Current price: Rs 276
Target price: Rs 280
Keep a stop at Rs 274 and go long. Add to the position between Rs 278 and Rs 279. Book profits at Rs 280.

COAL INDIA
Current price: Rs 372
Target price: Rs 378
Keep a stop at Rs 369 and go long. Add to the position between Rs 376 and Rs 377. Book profits at Rs 378.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: May 11 2015 | 10:30 PM IST

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