Today's Picks: 16 November, 2016

Nifty, Bank Nifty, Tata Steel, UltraTech Cement, Idea Cellular

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Devangshu Datta
Last Updated : Nov 16 2016 | 6:00 AM IST
Nifty       
 
Current: 8,108 (fut: 8,126) 
Target: NA
Stop-loss long positions at 8,045. Stop-short positions at 8,200. Big moves could go till 7,975, 8,250. A long 8000p (81), short 7,900p (56) could gain 20-25 if support at 8,025 is tested.

Bank Nifty    
  
Current: 19,290  (futures: 19,370) 

Also Read

Target: NA  
Stop-loss long positions at 19,250. Stop-loss short positions at 19,520. Big moves could go till 19,000, 19,750. Downtrend may continue.

Tata Steel           
 
Current price: Rs 457  
Target price: Rs 470
Keep a stop at Rs 452 and go long. Add to the position between Rs 467 and Rs 469. Book profits at Rs 470.

UltraTech Cement  
 
Current: Rs 3,365   
Target: Rs 3,300
Keep a stop at Rs 3,400 and go short. Add to the position between Rs 3,310 and Rs 3,320. Book profits at Rs 3,300.

Idea Cellular        
 
Current: Rs 71  
Target: Rs 68
Keep a stop at Rs 72 and go short. Add to the position between Rs 69 and Rs 70. Book profits at Rs 68.


Target prices, projected movements in terms of next session, unless otherwise stated     

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First Published: Nov 16 2016 | 6:00 AM IST

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