Today's picks- 20 January 2015

Nifty, Bank Nifty, Zee Entertainment, Tata Motors & HDFC

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Devangshu Datta
Last Updated : Jan 20 2015 | 11:30 PM IST
NIFTY
Current: 8,686 (fut: 8,712)
Target: NA
Stop-loss shorts at 8765. Stop-long positions at 8,640. Big swings could go till 8,575, 8,850. There's bullish bias but a strangle of long 8,500p (25) and long 800c (14) could gain on any big swing.

BANK NIFTY
Current: 19,767 (futures: 19,815)
Target: 19,900 (futures: 19,950)
Keep a stop at 19,700 and go long. Add to the position between 19,900 and 19,925. Book profits at 19,950.

ZEE ENTERTAINMENT
Current: Rs 390
Target: Rs 395
Keep a stop at Rs 387 and go long. Add to the position between Rs 393 and Rs 394. Book profits at Rs 395.

TATA MOTORS
Current: Rs 559
Target: Rs 570
Keep a stop at Rs 553 and go long. Add to the position between Rs 563 and Rs 565. Book profits at Rs 570.

HDFC
Current: Rs 1,251
Target: Rs 1,270
Keep a stop at Rs 1,238 and go long.
Add to the position between Rs 1,260 and Rs 1,263. Book profits at Rs 1,270.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jan 20 2015 | 10:30 PM IST

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