Today's picks- 17 November 2015
Nifty, Bank Nifty, Coal India, L&T & Hindalco
Nifty
Current: 7,806 (futures: 7,827)
Target: NA
Stop-loss short positions at 7,885. Stop-long positions at 7,745. Big moves could go till 7,950, 7,675. A long 7,900c (50), short 8,000c (21) could gain 10-15 if the index moves past 7,875.
Current: 17,185 (fut: 17,214)
Target: NA
Stop-loss short positions at 17,315. Stop-long positions at 17,100. Big moves could go till 17,500, 16,900. The uptrend may continue if resistance at 17,300 is broken.
Coal India
Current price: Rs 331
Target price: Rs 322
Keep a stop at Rs 335 and go short. Add to the position between Rs 325 and Rs 326. Book profits at Rs 322.
L&T
Current price: Rs 1,357
Target price: Rs 1,385
Keep a stop-loss at Rs 1,340 and go long. Add to the position between Rs 1,370 and Rs 1,375. Book profits at Rs 1,385.
Hindalco
Current price: Rs 79
Target price: Rs 77
Keep a stop at Rs 80 and go short. Add to the position between Rs 77.5 and Rs 78. Book profits at Rs 77.
Target prices, projected movements in terms of next session, unless otherwise stated
Current: 7,806 (futures: 7,827)
Target: NA
Stop-loss short positions at 7,885. Stop-long positions at 7,745. Big moves could go till 7,950, 7,675. A long 7,900c (50), short 8,000c (21) could gain 10-15 if the index moves past 7,875.
Also Read
Bank Nifty
Current: 17,185 (fut: 17,214)
Target: NA
Stop-loss short positions at 17,315. Stop-long positions at 17,100. Big moves could go till 17,500, 16,900. The uptrend may continue if resistance at 17,300 is broken.
Coal India
Current price: Rs 331
Target price: Rs 322
Keep a stop at Rs 335 and go short. Add to the position between Rs 325 and Rs 326. Book profits at Rs 322.
L&T
Current price: Rs 1,357
Target price: Rs 1,385
Keep a stop-loss at Rs 1,340 and go long. Add to the position between Rs 1,370 and Rs 1,375. Book profits at Rs 1,385.
Hindalco
Current price: Rs 79
Target price: Rs 77
Keep a stop at Rs 80 and go short. Add to the position between Rs 77.5 and Rs 78. Book profits at Rs 77.
Target prices, projected movements in terms of next session, unless otherwise stated