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Today's picks: M&M, BHEL, L&T

Source : BUSINESS_STANDARD
Last Updated: Wed, Aug 20, 2014 02:01 hrs
BSE

NIFTY
Current: 7,897 (fut: 7,907),
Target: NA
Stop short positions at 7,955. Stop long positions at 7,845. Big moves could go till 8,025 or 7,775. A long 7,800p (22) and long 8,000c (24) could gain 15-20 if the index has a big swing. (All futures prices)

BANK NIFTY
Current: 15,525 (fut: 15,531)
Target: 15,420 (fut: 15,425)


Keep a stop at 15,600 and go short. Add to the position between 15,450 and 15,475. Book profits at 15,425. (All futures prices)

M&M
Current price: Rs 1,374
Target price: Rs 1,400
Keep a stop at Rs 1,360 and go long. Add to the position between Rs 1,385 and Rs 1,390. Book profits at Rs 1,400.

BHEL
Current price: Rs 227
Target price: Rs 220
Keep a stop at Rs 230 and go short. Add to the position between Rs 222 and Rs 224. Book profits at Rs 220

L&T
Current price: Rs 1,533
Target price: Rs 1,490
Keep a stop at Rs 1,550 and go short. Add to the position between Rs 1,510 and Rs 1,520. Book profits at Rs 1,490.

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