Today's picks: 16 February 2015

Nifty, Bank Nifty, ITC, Sun Pharma & Bharti Airtel

Image
Devangshu Datta New Delhi
Last Updated : Feb 16 2015 | 11:51 PM IST
NIFTY
Current: 8,809 (fut: 8,846),
Target: NA
Resistance at 8,950 may be tested. Stop-loss long positions at 8,775. Stop-shorts at 8,925. A long 9,000c (43), short 9,100c (24) will gain 15-20 if the futures test resistance at 8,950.

BANK NIFTY
Current: 19,156 (fut: 19,240)
Target: 19,350 (fut: 19,450)
Keep a stop at 19,100 and go long. Add to the position between 19,400 and 19,425. Book profits at 19,450.

ITC
Current price: Rs 390
Target price: Rs 395
Keep a stop at Rs 386 and go long. Add to the position between Rs 393 and Rs 394.
Book profits at Rs 395.

SUN PHARMA
Current price: Rs 907
Target price: Rs 930
Keep a stop at Rs 895 and go long. Add to the position between Rs 920 and Rs 925.
Book profits at Rs 930.

BHARTI AIRTEL
Current price: Rs 361
Target price: Rs 368
Keep a stop at Rs 357 and go long. Add to the position between Rs 365 and Rs 367.
Book profits at Rs 368.

Target prices, projected movements in terms of next session, unless otherwise stated
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 16 2015 | 10:41 PM IST

Next Story