Today's picks: 20 May 2015

Nifty, Bank Nifty, HCL Tech, HDFC & Tata Steel

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Devangshu Datta
Last Updated : May 20 2015 | 10:55 PM IST
NIFTY

Current: 8,423 (fut: 8,414)
Target: NA
Stop-short positions at 8,500. Stop-long positions at 8,350. A long 8,300p (42), short 8,200p (24) could gain 10-15 if the market fell below 8,325.

BANK NIFTY

Current: 18,555 (futures: 18,513)
Target: 18,725 (futures: 18,725)
Keep a stop at 18,425 and go long. Add to the position between 18,675 and 18,700. Book profits at 18,725.

HCL TECH

Current price: Rs 960  
Target price: Rs 975
Keep a stop at Rs 950 and go long. Add to the position between Rs 970 and Rs 973. Book profits at Rs 975.

HDFC

Current price: Rs 1,270
Target price: Rs 1,290
Keep a stop at Rs 1,265 and go long. Add to the position between Rs 1,282 and Rs 1,286. Book profits at Rs 1,290.

TATA STEEL

Current price: Rs 361
Target price: Rs 354
Keep a stop at Rs 365 and short. Add to the position between Rs 355 and Rs 356. Book profits at Rs 354.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 20 2015 | 10:23 PM IST

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