Today's picks: 19 July 2016
Nifty, Bank Nifty, Bharti Airtel, Hind Unilever & ONGC
Nifty
Current: 8,509 (futures: 8,511)
Target: NA
Stop-long positions at 8,545. Stop-short positions 8,580. Big moves could go till 8,625, 8,380. A long 8,400p (42), short 8,300p (22) would gain 10-15 if the futures drops below 8,450.
Current: 18,923 (fut: 18,925)
Target: NA
Stop-long positions at 18,820. Stop-short positions at 19,030. Big moves could go till 18,600, 19,250. Trend slightly bearish.
Bharti Airtel
Current price: Rs 363
Target price: Rs 356
Keep a stop at Rs 367 and go short. Add to the position between Rs 357 and Rs 358. Book profits at Rs 356.
Hind Unilever
Current price: Rs 922
Current: 8,509 (futures: 8,511)
Target: NA
Stop-long positions at 8,545. Stop-short positions 8,580. Big moves could go till 8,625, 8,380. A long 8,400p (42), short 8,300p (22) would gain 10-15 if the futures drops below 8,450.
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Bank Nifty
Current: 18,923 (fut: 18,925)
Target: NA
Stop-long positions at 18,820. Stop-short positions at 19,030. Big moves could go till 18,600, 19,250. Trend slightly bearish.
Bharti Airtel
Current price: Rs 363
Target price: Rs 356
Keep a stop at Rs 367 and go short. Add to the position between Rs 357 and Rs 358. Book profits at Rs 356.
Hind Unilever
Current price: Rs 922
Target price: Rs 885
Keep a stop at Rs 925 and go short. Add to the position between Rs 895 and Rs 900. Book profits at Rs 885.
ONGC
Current price: Rs 219
Target price: Rs 223
Keep a stop at Rs 216 and go long. Add to the position between Rs 221 and Rs 222. Book profits at Rs 223.
Target prices, projected movements in terms of next session, unless otherwise stated
Keep a stop at Rs 925 and go short. Add to the position between Rs 895 and Rs 900. Book profits at Rs 885.
ONGC
Current price: Rs 219
Target price: Rs 223
Keep a stop at Rs 216 and go long. Add to the position between Rs 221 and Rs 222. Book profits at Rs 223.
Target prices, projected movements in terms of next session, unless otherwise stated