Today's picks- 20 October 2016

Nifty, Bank Nifty, BHEL, ITC & Tata Power

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Devangshu Datta
Last Updated : Oct 19 2016 | 11:06 PM IST
Nifty
Current: 8,640 (fut: 8,645)
Target: NA
Stop-loss long positions at 8,570. Stop-short positions at 8,720. Big moves could go till 8,525, 8,775. A long 8600p (50), short 8,500p (25) could gain 15-20, if the index falls below 8,600.

Bank Nifty
Current: 19,338 (futures: 19,368)
Target: NA
Stop-loss long positions at 19,250. Stop-short positions at 19,480. Big moves could go till 19,725, 19,000. The correction could continue.

BHEL
Current price: Rs 141
Target price: Rs 137
Keep a stop at Rs 143 and go short. Add to the position between Rs 138 and Rs 139. Book profits at Rs 137.

ITC
Current: Rs 239
Target: Rs 235
Keep a stop at Rs 241 and go short. Add to the position between Rs 236 and Rs 237. Book profits at Rs 235.

Tata Power
Current: Rs 81
Target: Rs 83.5
Keep a stop at Rs 80 and go long. Add
to the position between Rs 82 and Rs 83. Book profits at Rs 83.5.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Oct 06 2016 | 6:00 AM IST

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