Today's picks- 12 January 2016

Nifty, Bank Nifty, TCS, BHEL & Adani Ports

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Devangshu Datta
Last Updated : Jan 11 2016 | 11:41 PM IST
NIFTY
Current: 7,564  (futures: 7,593)
Target: NA
Stop-long positions at 7,520. Stop-short positions at 7,655. Big moves could go till 7,720, 7,470. A long 7,800c (33), long 7,300p (37) could gain 10-15 if the futures swings to either 7,500 or 7,700.

BANK NIFTY
Current: 16,016 (fut: 16,070)  
Target: NA  
Stop-loss long positions at 15,965. Stop-long positions at 16,180. Big moves could go till 15,770, 16,370. Support at 15,800-15,850 is crucial.

TCS
Current price: Rs 2,362
Target price: NA
Stop-loss short positions at Rs 2,410. Stop-long positions at Rs 2,320. Big moves could go till Rs 2,440, Rs 2,290. Trend seems to be negative.
 
BHEL
Current price: Rs 149.5
Target price: Rs 147
Keep a stop at Rs 151 and go short. Add to the position between Rs 147.5 and Rs 148. Book profits at Rs 147.

ADANI PORTS
Current price: Rs 234
Target price: Rs 230
Keep a stop at Rs 237 and go short. Add to the position between Rs 231.5 and Rs 232.5. Book profits at Rs 230.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jan 11 2016 | 10:30 PM IST

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