TODAY’S PICKS

Nifty

Current: 8,706 (fut: 8,729) Target: NA Stop-long positions at 8,655. Stop-short positions at 8,800. Big moves could go till 8,600, 8,860. A long 8,700p (25), short 8,600p (8) could double if the downtrend tests support at 8,650.

Bank Nifty

Current: 19,518 (futures: 19,588) Target: NA Stop-long positions at 19,475. Stop- short positions at 19,710. Big moves could go till 19,950, 19,250. Key support at 19,475.

Bharti Infratel

Current price: ~359 Target price: ~354 Keep a stop at ~362 and go short. Add to the position between ~355 and ~356. Book profits at ~354.

Ambuja Cements

Current: ~258 Target: ~262 Keep a stop at ~256 and go long. Add to the position between ~260 and ~261. Book profits at ~262.

Tata Power

Current: ~75 Target: ~76.5 Keep a stop at ~74 and go long. Add to the position between ~76 and ~76.25. Book profits at ~76.5.