Today's picks- 15 January 2015

Nifty, Bank Nifty, HDFC, LIC Finance & IDFC

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Devangshu Datta New Delhi
Last Updated : Jan 15 2015 | 11:18 PM IST
NIFTY
Current: 8,494 (fut: 8,490),
Target: NA
Stop-shorts at 8565. Stop-long positions at 8,420. A long 8,600c (48), short 8,700c (23) will gain if the bull run continues.

BANK NIFTY
Current: 19,236 (fut: 19,219)
Target: NA
Bullish impetus. Profit booking could trigger correction to 19,050. Upside till 19,400. Traders should assume stops at 75 points from position.

HDFC
Current price: Rs 1,202
Target price: Rs 1,230
Keep a stop at Rs 1,180 and go long. Add to the position between Rs 1,210 and 1,220.
Book profits at Rs 1,230.

LIC FINANCE
Current price: Rs 466
Target price: Rs 475
Keep a stop at Rs 461 and go long. Add to the position between Rs 472 and Rs 473.
Book profits at Rs 475.

IDFC
Current price: Rs 168
Target price: Rs 172
Keep a stop at Rs 165 and go long. Add to the position between Rs 170 and Rs 171.
Book profits at Rs 172.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jan 15 2015 | 10:31 PM IST

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