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Today's picks- 5 May 2015

Nifty, Bank Nifty, Tata Steel, Mahindra & Mahindra & Coal India

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Devangshu Datta
NIFTY
Current: 8,325 (fut: 8,365)
Target: NA
Stop-long positions at 8,290. Stop-short positions at 8,435. A long 8,200p (77), short 8,100p (53) could gain 10-15 if the support at 8,250 is tested.

BANK NIFTY
Current: 18,458 (futures: 18,560)
Target: 18,250 (futures: 18,350)
Keep a stop at 18,650 and short. Add to the position between 18,375 and 18,400. Book profits at 18,350.

TATA STEEL
Current price: Rs 380
Target price: Rs 372
Keep a stop at Rs 384 and short. Add to the position between Rs 374 and376. Book profits at Rs 372.

MAHINDRA & MAHINDRA
Current price: Rs 1,179
Target price: Rs 1,155
Keep a stop at Rs 1,195 and short. Add to the position between Rs 1,160 and Rs 1,165. Book profits at Rs 1,155.

COAL INDIA
Current price: Rs 364
Target price: Rs 357
Keep a stop at Rs 367 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.

Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: May 05 2015 | 10:28 PM IST

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