Business Standard

Today's picks- 9 August 2016

Nifty, Bank Nifty, Bharti Airtel, BPCL & PowerGrid

Devangshu Datta 

Current: 8711 (futures: 8729)
Target: NA
Stop-loss long positions at 8,655. Stop-short positions at 8,805. Big moves could go till 8,850, 8,605. Some chance of extra volatility if RBI takes action. A long 8,800c (64), short 8,900c (32) could gain 10-15 if the futures hits 8,800.

Current: 18,939 (fut: 18,999)
Target: NA
Stop-loss long positions at 18,855. Stop-short positions at 19,125. Big moves could go till 19,350, 18,650. No surprises expected at RBI policy review which means there would be excess volatility if the central bank took action.

Current price: Rs 351
Target price: Rs 345
Keep a stop at Rs 354 and go short. Add to the position between Rs 346 and Rs 347. Book profits at Rs 345.

Current price: Rs 607
Target price: Rs 595
Keep a stop at Rs 610 and go short. Add to the position between Rs 598 and Rs 601. Book profits at Rs 595.

Current price: Rs 178.5
Target price: Rs 182
Keep a stop at Rs 177 and go long. Add to the position between Rs 180 and Rs 181. Book profits at Rs 182.

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

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First Published: Tue, August 09 2016. 06:00 IST