Today's picks- 16 October 2015

Nifty, Bank Nifty, TCS, Mahindra & Mahindra & Zee Entertainment

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Devangshu Datta
Last Updated : Oct 16 2015 | 6:00 AM IST
NIFTY
Current: 8,180 (fut: 8,187),
Target: NA
Stop-loss short positions at 8,255. Stop-long positions at 8,120. Big moves could be till 8,075, 8,275. A long 8,300c (42), short 8,400c (18) would gain 10-15 if the index tests 8,250.

BANK NIFTY
Current: 17,686 (fut: 17,732)
Target: NA
Stop-loss shorts at 17,850. Stop-long positions at 17,650. Big moves could go till 18,050, 17,450. Heavy resistance at current level. If that breaks, the breakout could go till 18,450-18,500.

TCS
Current price: Rs 2,468
Target price: Rs 2,420
Keep a stop at Rs 2,492 and go short. Add to the position between Rs 2,435 and Rs 2,445. Book profits at Rs 2,420.

MAHINDRA & MAHINDRA
Current price: Rs 1,275
Target price: Rs 1,295
Keep a stop at Rs 1,265 and go long. Add to the position between Rs 1,287 and Rs 1,289. Book profits at Rs 1,295.

ZEE ENTERTAINMENT
Current price: Rs 419,
Target price: Rs 410
Keep a stop at Rs 423 and go short. Add to the position between Rs 412 and Rs 414. Book profits at Rs 410.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Oct 16 2015 | 6:00 AM IST

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