Today's picks - 16 September 2014

Nifty, Bank Nifty, ITC, DLF & Tata Steel

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Devangshu Datta
Last Updated : Sep 16 2014 | 10:30 PM IST
NIFTY
Current: 7,933 (futures: 7,956)
Target: NA
Stop short positions at 8,025. Stop long positions at 7,890. Big moves could go to 7,825 or 8,075. A long 7,900p (40), short 7,800p (16) could gain 10-15 if 7,900 is tested.

BANK NIFTY
Current: 15,844 (futures: 15,871)
Target: 15,675 (futures: 15,700)
Keep a stop at 15,950, go short. Add to the position between 15,775 and 15,800. Book profits at 15,700. (All futures prices)

ITC
Current: Rs 353
Target: Rs 358
Keep a stop at Rs 349 and go long. Add to the position between Rs 356 and Rs 357. Book profits at Rs 358.

DLF
Current: Rs 168.5
Target: Rs 163
Keep a stop at Rs 171 and short. Add to the position between Rs 164 and Rs 166. Book profits at Rs 163.

TATA STEEL
Current: Rs 490
Target: Rs 480
Keep a stop at Rs 496 and short. Add to the position between Rs 484 and Rs 486. Book profits at Rs 480.
Target prices, projected movements in terms of the next session, unless otherwise stated
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First Published: Sep 16 2014 | 10:27 PM IST

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