Today's picks- 16 July 2015

Nifty, Bank Nifty, Dr Reddy's lab, NMDC & HDFC

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Devangshu Datta
Last Updated : Jul 16 2015 | 11:38 PM IST
NIFTY
Current: 8,608 (futures: 8,627)
Target: NA
Stop-loss short positions at 8,675. Stop-long positions at 8,545. Big moves could go till 8,475, 8,750. Trend seems bullish. A long 8,600c (97), short 8,700c (48) could gain 15-20 if 8,700 is struck.

BANK NIFTY
Current: 19,168 (futures: 19,230)
Target: 19,350 (futures: 19,400)
Keep a stop at 19,100 and go long. Add to the position between 19,325 and 19,350. Book profits at 19,400.

DR REDDY'S LAB
Current: Rs 3,867
Target: Rs 3,915
Keep a stop at Rs 3,830 and go long. Add to the position between Rs 3,895 and Rs 3,905. Book profits at Rs 3,915.

NMDC
Current: Rs 113.5
Target: Rs 111
Keep a stop at Rs 115 and go short. Add to the position between Rs 111.5 and Rs 112. Book profits at Rs 111.

HDFC
Current: Rs 1,360
Target: Rs 1,385
Keep a stop at Rs 1,345 and go long. Add to the position between Rs 1,375 and Rs 1,380. Book profits at Rs 1,385.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 16 2015 | 10:30 PM IST

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