Today's picks- 19 February 2015

Nifty, Bank Nifty, Sesa Sterlite, IDFC & Tata Motors

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Devangshu Datta
Last Updated : Feb 19 2015 | 10:53 PM IST
NIFTY
Current: 8,895 (fut: 8,926),
Target: NA
Stop-loss short positions at 9,005 and stop-long positions at 8,825. A long 9,000c (46), short 9,100c (20) could gain 15-20 if the futures tests resistance at 9,000.  

BANK NIFTY
Current: 19,218 (fut: 19,290),
Target: NA
The Bank Nifty could swing till 20,000 plus or below 18,500 by the settlement (Feb 26). A long 18,500p (53) and a long 20,000c (69) could double on a 500-point move in either direction.

SESA STERLITE
Current price: Rs 220
Target price: Rs 226
Keep a stop at Rs 217 and go long. Add to the position between Rs 224 and Rs 225. Book profits at Rs 226.

IDFC
Current price: Rs 170
Target price: Rs 166.5
Keep a stop at Rs 172 and short. Add to the position between Rs 167 and Rs 168. Book profits at Rs 166.5

TATA MOTORS
Current price: Rs 577
Target price: Rs 566
Keep a stop at Rs 583 and go short. Add to the position between Rs 568 and Rs 570. Book profits at Rs 566.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Feb 19 2015 | 10:30 PM IST

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