Today's picks- 16 February 2016

Nifty, Bank Nifty, Vedanta, Larsen & Toubro & Hind Unilever

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Devangshu Datta
Last Updated : Feb 15 2016 | 11:37 PM IST
NIFTY
Current: 7,163 (futures: 7,158)
Target: NA
Stop-short positions at 7,230. Stop-long positions at 7,090. Big moves could go till 7,030, 7,275. Resistance at 7,225-7,250.

A long 7,000p (37), long 7,300c (32) could gain 10-15 on a swing session.

BANK NIFTY
Current: 14,445 (fut: 14,419)
Target: NA
Stop-short positions at 14,530. Stop-long positions at 14,300. Big moves could go till 14,070, 14,750.

VEDANTA
Current price: Rs 75
Target price: Rs 71
Keep a stop at Rs 76.5 and go short. Add to the position between Rs 72 and Rs 73. Book profits at Rs 71.

LARSEN & TOUBRO
Current price: Rs 1,149
Target price: Rs 1,120
Keep a stop at Rs 1,165 and short. Add to the position between Rs 1,132 and Rs 1,137. Book profits at Rs 1,120.

HIND UNILEVER
Current price: Rs 805
Target price: Rs 820
Keep a stop at Rs 795 and go long. Add to the position between Rs 812 and Rs 816. Book profits at Rs 820.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Feb 15 2016 | 10:30 PM IST

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