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Today's picks: 7 July 2016

Nifty, Bank Nifty, Tata Steel, Hindalco & HCL Tech

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Devangshu Datta New Delhi
NIFTY

Current: 8,336 (futures: 8,352)
Target: NA
Stop-long positions at 8,295. Stop-short positions at 8,405. Big moves could go till 8,225, 8,475. A long 8,200p (65) short 8,100p ( 43) would gain 10-15 if the futures drops till 8,275.

BANK NIFTY

Current: 18,004 (fut: 18,075)
Target: NA
Stop-long positions at 17,950. Stop-short positions at 18,200. Big moves could go till 18,425, 17,700. Trend may be bearish.

TATA STEEL

Current price: Rs 332
Target price: Rs 326
Keep a stop at Rs 335 and go short. Add to the position between Rs 327 and Rs 328. Book profits at Rs 326.

HINDALCO

Current price: Rs 123.5
Target price: Rs 120.5
Keep a stop at Rs 125.5 and short. Add to the position between Rs 121.5 and Rs 122. Book profits at Rs 120.5.

HCL TECH

Current price: Rs 738.5
Target price: Rs 725
Keep a stop at Rs 745 and go short. Add to the position between Rs 728 and Rs 732. Book profits at Rs 725.

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

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First Published: Jul 07 2016 | 6:00 AM IST

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