Today's picks- 14 January 2016

Nifty, Bank Nifty, Infosys, Larsen & Toubro & ACC

NIFTY

Current: 7,562 (futures: 7,572)
Target: NA

Stop-long positions at 7,500. Stop-short positions at 7,635. Big moves could go till 7,450, 7,700. A long 7,400p (50), long 7,700c (51) could gain 20-25 on a big swing in any direction.

BANK NIFTY

Current: 15,872 (fut: 15,854)
Target: NA

Stop-loss long positions at 15,770. Stop-short positions at 15,970. Big moves could go till 15,150, 15,550. There's big resistance between 15,950 and 15,970.

INFOSYS

Current price: Rs 1,083
Target price: NA

Stop-long positions at Rs 1,055. Stop-short positions at Rs 1,115. Big moves could go till Rs 1,020, Rs 1,150. The trend looks bearish but Infy has a pattern of very high volatility on results.

LARSEN & TOUBRO

Current price: Rs 1,157
Target price: Rs 1,135

Keep a stop at Rs 1,170 and go short. Add to the position between Rs 1,140 and Rs 1,145. Book profits at Rs 1,135.

ACC

Current price: Rs 1,282
Target price: Rs 1,260

Keep a stop at Rs 1,295 and go short. Add to the position between Rs 1,266 and Rs 1,270. Book profits at Rs 1,260.

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