Today's picks: 22 September 2016

Nifty, Bank Nifty, ITC, Hindalco & Idea Cellular

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Devangshu Datta New Delhi
Last Updated : Sep 22 2016 | 6:00 AM IST
NIFTY

Current: 8,777 (fut: 8,807)
Target: NA
Stop-long positions at 8,745. Stop-short positions at 8,875. Big moves could go till 8,930, 8,670. A long 8,900c(38) short 9,000c (14) would gain 15-20 if the futures moves past 8,875.

BANK NIFTY

Current: 19,828 (futures: 19,910)
Target: NA
Stop-loss long positions at 19,800. Stop-loss short positions at 20,020. Big moves could go till 19,550, 20,250. Fed policy is crucial to the trend.

ITC

Current price: Rs 254
Target price: Rs 250
Keep a stop at Rs 257 and go short. Add to the position between Rs 251 and Rs 252. Book profits at Rs 250.

HINDALCO

Current: Rs 150
Target: Rs 153
Keep a stop at Rs 148 and go long. Add to the position between Rs 151 and Rs 152. Book profits at Rs 153.

IDEA CELLULAR

Current: Rs 84.5
Target: Rs 86.5
Keep a stop at Rs 83.5 and go long. Add to the position between Rs 85.5 and Rs 86. Book profits at Rs 86.5.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Sep 22 2016 | 6:00 AM IST

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