Today's picks- 23 July 2015

Nifty, Bank Nifty, Dr Reddy's, Tata Power & Maruti Suzuki

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Devangshu Datta
Last Updated : Jul 24 2015 | 12:04 AM IST
NIFTY
Current: 8,590 (futures: 8,604)
Target: NA
Stop-loss long positions at 8,520. Stop-short positions at 8,680. A big move could go till 8,725, 8,475. A long 8,600p (61), short 8,500p(27) costs 34. It could gain 15-20 if support at 8,520 is tested.  

BANK NIFTY
Current: 18,865 (futures: 18,906)
Target: 18,650 (futures: 18,650)
Keep a stop at 19,000 and go short. Add to the position between 18,675 and 18,700. Book profits at 18,650.

DR REDDY'S
Current: Rs 3,913
Target: Rs 3,990
Keep a stop at Rs 3,875 and go long. Add to the position between Rs 3,955 and Rs 3,970. Book profits at Rs 3,990.

TATA POWER
Current: Rs 72
Target: Rs 69.5
Keep a stop at Rs 73.5 and go short. Add to the position between Rs 70 and Rs 71. Book profits at Rs 69.5

MARUTI SUZUKI
Current: Rs 4,234
Target: Rs 4,300
Keep a stop at Rs 4,190 and go long. Add to the position between Rs 4,265 and Rs 4,280. Book profits at Rs 4,300.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 23 2015 | 10:30 PM IST

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