Today's picks- 19 April 2016

Nifty, Bank Nifty, Bajaj Auto, Infosys & HCL Tech

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Devangshu Datta
Last Updated : Apr 19 2016 | 6:00 AM IST
NIFTY
Current: 7,915 (futures: 7,918)
Target: NA
Stop-long positions at 7,865. Stop-short positions at 7,970. Big moves could go till 7,800, 8,050. Selling in financials may cause drag. A long 8,000c (41), short 8,100c (16) could gain 10-15 if the Nifty strikes 8,000.

BANK NIFTY
Current: 16,222 (fut: 16,230)
Target: NA
Stop-long position at 16,120. Stop-short positions at 16,340. Big moves could go till 15,900 or 16,550. Selling pressure at 16,250-16,300 could trigger another negative session.

BAJAJ AUTO
Current price: Rs 2,544
Target price: Rs 2,500
Keep a stop at Rs 2,570 and go short. Add to the position between Rs 2,405 and Rs 2,520. Book profits at Rs 2,500.

INFOSYS
Current price: Rs 1,238
Target price: Rs 1,200
Keep a stop at Rs 1,255 and go short. Add to the position between Rs 1,210 and Rs 1,220. Book profits at Rs 1,200.

HCL TECH
Current price: Rs 853
Target price: Rs 865
Keep a stop at Rs 844 and go long. Add to the position between Rs 860 and Rs 863. book profits at Rs 865.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 19 2016 | 6:00 AM IST

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