Business Standard

Today's picks- 31 August 2016

Nifty, Bank Nifty, Ambuja Cements, PowerGrid & Bajaj Auto

Devangshu Datta 

NIFTY Current: 8,744 (fut: 8,803), Target: NA Stop-long positions at 8,725. Stop-loss short positions at 8,870. Big moves may be till 8,925, 8,675. Trend is bullish. A butterfly of long 8,800c (114), two short 8,900c (68.5x2) and one long 9,000c (37) costs 14.

It could pay a maximum of 86 if the index hits 8,900 with breakevens at 8,814, 8,986. BANK NIFTY Current: 19,531 (fut: 19,636) Target: NA Stop-loss long positions at 19,505. Stop-loss short positions at 19,750. Big moves could go till 19,950, 19,350. Trend looks strongly bullish. AMBUJA CEMENTS Current price: Rs 275 Target ...

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First Published: Wed, August 31 2016. 06:00 IST