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Today's picks: 9 July 2015

Nifty, Bank Nifty, HCL Tech, ONGC & L&T

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Devangshu Datta New Delhi
NIFTY

Current: 8,329 (fut: 8,346)
Target: NA

Stop-loss short positions at 8,425. Stop-loss long positions at 8,275. A big session could hit 8,200 or 8,475. A long 8,200p (75), short 8,100p (53) could double if the index dips below 8,250.

BANK NIFTY

Current: 18,509 (fut: 18,567)
Target: NA

Stop-loss short positions at 18,700. Stop-loss long positions at 18,450. A big session could hit 18,275 or 18,875. A positive trend is a little more likely.

HCL TECH

Current: Rs 917
Target: Rs 890

Keep a stop at Rs 935 and go short. Add to the position between Rs 895 and Rs 905. Book profits at Rs 890.

ONGC

Current: Rs 299
Target: Rs 295

Keep a stop at Rs 302 and go short. Add to the position between Rs 296 and Rs 297.  book profits at Rs 295.

L&T

Current: Rs 1,849
Target: Rs 1,885

Keep a stop at Rs 1,830 and go long. Add to the position between Rs 1,870 and Rs 1,880. Book profits at Rs 1,885.

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

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First Published: Jul 09 2015 | 10:39 PM IST

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