Today's picks: 15 March 2016

Nifty, Bank Nifty, Coal India, Tata Motors & Idea Cellular

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Devangshu Datta
Last Updated : Mar 15 2016 | 6:00 AM IST
NIFTY
Current: 7,538 (futures: 7,544)
Target: NA

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Stop loss short positions at 7,605. Stop short positions at ,7480. Big moves could go till 7,650, 7,450. A long 7,600c (69), short 7,700c(35) could gain 10-15 if the futures tests 7,600.

BANK NIFTY
Current: 15,278 (futures: 15,330)
Target: NA
Stop loss short positions at 15,430. Stop long positions at 15,230. Big moves could go till 15,000, 15,650. Rally could continue but big resistance at 15,450-15,500.

COAL INDIA
Current: Rs 297
Target: Rs 303
Keep a stop at Rs 296 and go long. Add to the position between Rs 301 and Rs 302. Book profits at Rs 303.

TATA MOTORS
Current: Rs 366
Target: Rs 371
Keep a stop at Rs 363 and go long. Add to the position between Rs 369 and Rs 370. Book profits at Rs 371.

IDEA CELLULAR
Current: Rs 101
Target: Rs 99
Keep a stop at Rs 102 and go short. Add to the position between Rs 99.5 and Rs 100. Book profits at Rs 99

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Mar 15 2016 | 6:00 AM IST

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