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Today's picks: DLF, Tata Motors, GAIL

Source : BUSINESS_STANDARD
Last Updated: Tue, Aug 12, 2014 03:00 hrs
BSE

NIFTY
Current: 7,626 (fut: 7,644),
Target: NA
Stop-loss shorts at 7,700. Stop long positions at 7,590. Bog moves could go till 7,750 or 7,550. A long 7,600p (67) and short 7,500p (37) could gain 10-15 if the futures dipped below 7,600. (All futures prices).

BANK NIFTY
Current: 14,847 (fut: 14,890)
Target: 15,000 (fut: 15;050)
Keep a stop at 14,810 and go long. Add to the position between 14,975 and 15,000. Book profits at 15,050. (All futures prices).



DLF
Current price: Rs 199
Target price: Rs 204
Keep a stop at Rs 196 and go long. Add to the position between Rs 202 and Rs 203. Book profits at Rs 204.

TATA MOTORS
Current price: Rs 447
Target price: Rs 455
Keep a stop at Rs 441 and go long. Add to the position between Rs 450 and Rs 452. Book profits at Rs 455.

GAIL
Current price: Rs 390
Target price: Rs 382
Keep a stop at Rs 395 and go short. Add to the position between Rs 385 and Rs 387. Book profits at Rs 382.

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

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