Today's picks- 15 September 2015
Nifty, Bank Nifty, BPCL, Hindalco & NTPC
NIFTY
Current: 7,872 (futures: 7,875)
Target: NA
Stop-loss short positions at 7,935. Stop-loss long positions at 7,820. Big moves could go till 7,750, 8,000. A long 8,000c (80), short 8,100c (46) could gain 10-15 if the futures moves till 7,950.
BANK NIFTY
Current: 16,912 (fut: 16,920)
Target: NA
Stop-loss long positions at 16,800. Stop-loss short positions at 17,050. Big moves could go 16,600, 17,225. A continuation of the rally seems possible.
BPCL
Current price: Rs 880
Target price: Rs 900
Keep a stop at Rs 870 and go long. Add to the position between Rs 890 and Rs 894. Book profits at Rs 900.
HINDALCO
Current price: Rs 79
Target price: Rs 76.5
Keep a stop at Rs 80.5 and short. Add to the position between Rs 77 and Rs 78. Book profits at Rs 76.5.
NTPC
Current price: Rs 126
Target price: Rs 130
Keep a stop at Rs 124 and go long. Add to the position between Rs 128 and Rs 129. Book profits at Rs 130.
Current: 7,872 (futures: 7,875)
Target: NA
Stop-loss short positions at 7,935. Stop-loss long positions at 7,820. Big moves could go till 7,750, 8,000. A long 8,000c (80), short 8,100c (46) could gain 10-15 if the futures moves till 7,950.
BANK NIFTY
Current: 16,912 (fut: 16,920)
Target: NA
Stop-loss long positions at 16,800. Stop-loss short positions at 17,050. Big moves could go 16,600, 17,225. A continuation of the rally seems possible.
BPCL
Current price: Rs 880
Target price: Rs 900
Keep a stop at Rs 870 and go long. Add to the position between Rs 890 and Rs 894. Book profits at Rs 900.
HINDALCO
Current price: Rs 79
Target price: Rs 76.5
Keep a stop at Rs 80.5 and short. Add to the position between Rs 77 and Rs 78. Book profits at Rs 76.5.
NTPC
Current price: Rs 126
Target price: Rs 130
Keep a stop at Rs 124 and go long. Add to the position between Rs 128 and Rs 129. Book profits at Rs 130.
Target prices, projected movements in terms of next session, unless otherwise stated