Today's picks- 20 May 2016

Nifty, Bank Nifty, Adani Ports, Hindalco & Bharti Airtel

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Devangshu Datta
Last Updated : May 20 2016 | 6:00 AM IST
NIFTY
Current: 7,783 (futures: 7,778)
Target: NA
Stop-long positions at 7,720. Stop-short positions at 7,855. Big moves could go till 7,650, 7,920. A long 7,700p (43), short 7,600p (21) could gain 10-15 if the 7,700 level is hit.

BANK NIFTY
Current: 16,565 (fut: 16,559)
Target: NA
Stop-long positions at 16,450. Stop-short positions at 16,670. Bog moves could go till 16,850, 16,200. Downtrend may continue.

ADANI PORTS
Current price: Rs 171.5
Target price: Rs 168
Keep a stop at Rs 173 and go short. Add to the position between Rs 169 and Rs 170. Book profits at Rs 168.

HINDALCO
Current price: Rs 87
Target price: Rs 84.5
Keep a stop at Rs 88 and go short. Add to the position between Rs 85 and Rs 86. Book profits below Rs 84.5.

BHARTI AIRTEL
Current price: Rs 345
Target price: Rs 350
Keep a stop at Rs 342 and go long. Add to the position between Rs 348 and Rs 349. Book profits at Rs 350.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 20 2016 | 6:00 AM IST

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