Today's picks: 19 May 2016

Nifty, Bank Nifty, Zee Entertainment, BPCL & PowerGrid

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Devangshu Datta
Last Updated : May 19 2016 | 6:00 AM IST
NIFTY
Current: 7,870 (fut: 7,882),
Target: NA
Stop-loss short positions at 7,935. Stop-loss long positions at 7,825. Big moves could go till 8,005, 7,750. A long 7,900c (39), short 8,000c (16) could gain 10-15 if the index cross 7,925.

BANK NIFTY
Current: 16,729 (fut: 16,779)
Target: NA
Stop-loss long positions at 16,675. Stop-loss short positions at 16,885. Big moves could go till 17,075, 16,450. The Nifty Bank ended strong yesterday.

ZEE ENTERTAINMENT
Current price: Rs 436
Target price: Rs 445
Keep a stop at Rs 432 and go long. Add to the position between Rs 440 and Rs 442. Book profits at Rs 445.

BPCL
Current price: Rs 933
Target price: Rs 915
Keep a stop at Rs 942 and go short. Add to the position between Rs 920 and Rs 924. Book profits at Rs 915.

POWERGRID
Current price: Rs 143
Target price: Rs 140
Keep a stop at Rs 145 and go short. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 19 2016 | 6:00 AM IST

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