Today's Picks: 22 November, 2016

Nifty, Bank Nifty, Hindalco, Ambuja Cements, NTPC

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Devangshu Datta
Last Updated : Nov 22 2016 | 6:00 AM IST
Nifty       

Current: 7,929 (fut: 7,959) 
Target: NA
Stop-loss long positions at 7,880. Stop-loss short positions at 8,030. Big moves could go till 8,085, 7,830. A long 7,800p (18), long 8,100c (18) has breakevens at 7,764, 8,136.

Bank Nifty     
  

Also Read

Current: 18,446 (fut: 18,492) 
Target: NA  
Stop-loss long positions at 18,375. Stop-short positions at 18,600. Big moves could go till 18,850, 18,150.

Hindalco          
  
Current price: Rs 157  
Target price: Rs 160
Keep a stop at Rs 155 and go long. Add to the position between Rs 158 and Rs 159. Book profits at Rs 160.

Ambuja Cements   

Current: Rs 194 
Target: Rs 190
Keep a stop at Rs 196 and go short. Add to the position between Rs 191 and Rs 192. Book profits at Rs 190.

NTPC   
     
Current: Rs 155
Target: Rs 151
Keep a stop at Rs 157 and go short. Add 
to the position between Rs 152 and Rs 153. Book profits at Rs 151.

Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Nov 22 2016 | 6:00 AM IST

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