Today's picks: 23 June 2016

Nifty. Bank Nifty, ACC, Bharti Infratel & Infosys

Image
Devangshu Datta New Delhi
Last Updated : Jun 23 2016 | 6:00 AM IST
NIFTY

Current: 8,203 (futures: 8,202)
Target: NA
Stop short positions at 8265. Stop long positions at 8,140. Big moves could go till 8,325, 8,070. A long 8,000p (40), long 8,400c (26) could gain 15-20 if the index swings 150-points in the next two sessions.

BANK NIFTY

Current: 17,626 (futures: 17,596)
Target: NA
Stop loss long positions at 17,475. Stop short positions at 17,725. Big moves could go till 18,000, 17,250. Extra volatility likely over the next two sessions.

ACC

Current: Rs 1,571
Target: Rs 1,545
Keep a stop at Rs 1,585 and go short. Add to the position between Rs 1,555 and Rs 1,560. Book profits at Rs 1,545.

BHARTI INFRATEL

Current: Rs 339
Target: Rs 344
Keep a stop at Rs 336 and go long. Add to the position between Rs 342 and Rs 343. Book profits at Rs 344.

INFOSYS

Current: Rs 1,199
Target: Rs 1,180
Keep a stop at Rs 1,210 and go short. Add to the position between Rs 1,185 and Rs 1,190. Book profits at Rs 1,180
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: Jun 23 2016 | 6:00 AM IST

Next Story