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Today's picks: NTPC, HDFC, Sun Pharma

Source : BUSINESS_STANDARD
Last Updated: Wed, Aug 13, 2014 02:49 hrs
nse

NIFTY
Current: 7,727 (futures: 7,752)
Stop-loss shorts at 7,810. Stop long positions at 7,690. Big moves could go till 7,850 or 7,650. A long 7,800c (55) and short 7,900c (24) costs 31. It could gain 15-20 if futures hit 7,800.

BANK NIFTY
Current: 15,057 (futures: 15,130)
Target: 15,275 (futures: 15,325)
Keep a stop at 15,050 and go long. Add to the position between 15,225 and 15,250. Book profits at 15,325. (All futures prices)



NTPC
Current: Rs 139
Target: Rs 145
Keep a stop at Rs 137 and go long. Add to the position between Rs 142 and Rs 144. Book profits at Rs 145.

HDFC
Current: Rs 1,116
Target: Rs 1,145
Keep a stop at Rs 1,100 and go long. Add to the position between Rs 1,125 and Rs 1,130. Book profits at Rs 1,145.

SUN PHARMA
Current: Rs 785
Target: Rs 775
Keep a stop at Rs 795 and go short. Add to the position between Rs 778 and Rs 782. Book profits at Rs 775.
Target prices, projected movements in terms of the next session, unless otherwise stated

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