Today's picks- 18 March 2015

Nifty, Bank Nifty, Hindalco, Cipla & ITC

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Devangshu Datta
Last Updated : Mar 17 2015 | 10:46 PM IST
NIFTY
Current: 8,723 (fut: 8,739),
Target: NA
Stop-loss shorts at 8,815. Stop-loss long positions at 8,665. A long 8,800c (37) short 8,900c (17) would double if 8,800 is struck.

BANK NIFTY
Current: 19,058 (fut: 19,175)
Target: 19,250 (fut: 19,350)
Keep a stop at 19,050 and go long. Add to the position between 19,300 and 19,325. Book profits at 19,350.

HINDALCO
Current price: Rs 134
Target price: Rs 139
Keep a stop at Rs 131 and go long. Add to the position between Rs 136 and Rs 137. Book profits at Rs 139.

CIPLA
Current price: Rs 710
Target price: Rs 725
Keep a stop at Rs 700 and go long. Add to the position between Rs 718 and Rs 720. book profits at Rs 725.

ITC
Current price: Rs 340
Target price: Rs 347
Keep a stop at Rs 336 and go long. Add to the position between Rs 344 and Rs 346. Book profits at Rs 347.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Mar 17 2015 | 10:30 PM IST

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