Today's picks: 22 September 2015

Nifty, Bank Nifty, Hindalco, Dr Reddy's & PowerGrid

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Devangshu Datta New Delhi
Last Updated : Sep 22 2015 | 6:00 AM IST
Nifty
Current: 7,977 (futures: 7,980)
Target: NA

Stop-loss short positions at 8,035. Stop-loss long positions at 7,920. Big moves could go till 8,110, 7,775. A long 8,000p (63) short 7,900c (30) could gain 20-25 if the index slides till 7,900.

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Bank Nifty
Current: 17,543 (fut: 17,537)
Target: NA

Stop-loss short positions at 17,675. Stop-long positions at 17,440. A big move could go 17,325, or till 17,900. Profit booking seems more likely today.

Hindalco
Current price: Rs 78
Target price: Rs 75

Keep a stop at Rs 79 and go short. Add to the position between Rs 76 and Rs 77. Book profits at Rs 75.

Dr Reddy's
Current price: Rs 3,957
Target price: Rs 4,025

Keep a stop at Rs 3,920 and go long. Add to the position between Rs 3,980 and Rs 3,990. Book profits at Rs 4,025.

PowerGrid
Current price: Rs 136.5
Target price: Rs 133.5

Keep a stop at Rs 138 and go short. Add to the position between Rs 134 and Rs 135. Book profits at Rs 133.5.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 22 2015 | 6:00 AM IST

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