Today's picks- 23 February 2016

Nifty, Bank Nifty, Adani Ports, Sun Pharma & HDFC

Image
Devangshu Datta
Last Updated : Feb 23 2016 | 6:00 AM IST
NIFTY
Current: 7,234 (futures: 7,238)
Target: NA
Stop-loss long positions at 7,170. Stop-short positions at 7,305. Big moves can go till 7,350, 7,120. A long 7,200p (26), long 7,300c (16) has breakevens at 7,155, 7,345.

BANK NIFTY
Current: 14,385 (fut: 14,405)
Target: NA
Stop-loss long positions at 14,505. Stop-short positions at 14,300. Big moves could go till 14,150, 14,650. Short-covering may create an upwards bias.

ADANI PORTS
Current price: Rs 206
Target price: Rs 201
Keep a stop at Rs 209 and go short. Add to the position between Rs 202 and Rs 203. Book profits at Rs 201.

SUN PHARMA
Current price: Rs 882
Target price: Rs 895
Keep a stop at Rs 875 and go long. Add to the position between Rs 890 and Rs 892. Book profits at Rs 895.

HDFC
Current price: Rs 1,058
Target price: Rs 1,075
Keep a stop at Rs 1,050 and go long. Add to the position between Rs 1,065 and Rs 1,070. Book profits at Rs 1,075.
Target prices, projected movements in terms of next session, unless otherwise stated
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 23 2016 | 6:00 AM IST

Next Story