Today's picks: 21 September 2017

Nifty, Bank Nifty, ITC, Ambuja Cements, BPCL

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Devansgshu Datta
Last Updated : Sep 21 2017 | 6:00 AM IST
Nifty       
Current: 10,141  (fut: 10,169) Target: NA
Stop-long positions at 10,100. Stop-short positions at 10,225. Big moves could go till 10,300, 10,025, and the Fed's meet could park off a big session. A long 10,300c (14), long 10,000p (18) could gain in that case. Alternatively sell that wide strangle if you think the Nifty will not move 1 per cent before September 28.    

Bank Nifty       
Current: 24,965   (fut: 25,010)  
Target: NA

Also Read

Stop-long positions at 24,900. 
Stop-short positions at 25,120. Big 
moves could go till 24,700, 25,325. Trend looks slightly bearish.  

ITC             
Current price: Rs 271.5 
Target price: Rs 276
Keep a stop at Rs 269.5 and go long. Add 
to the position between Rs 274 and Rs 275. Book profits at Rs 276. 

Ambuja Cements 
Current price: Rs 280
Target price: Rs 276
Keep a stop at Rs282 and go short. Add to the position between Rs 277 and Rs 278. Book profits at Rs 276.

BPCL           
Current price: Rs 494 
Target price: Rs 484
Keep a stop at Rs499 and go short. Add to the position between Rs486 and Rs488. Book profits at Rs484.



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