Today's picks- 26 May 2016

Nifty, Bank Nifty, Cipla, NTPC & Larsen & Toubro

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Devangshu Datta
Last Updated : May 26 2016 | 6:00 AM IST
NIFTY
Current: 7,935 (fut: 7,939),
Target: NA
Stop-loss short positions at 8,005. Stop-long positions at 6,770. Big moves could go till 7,810, 8,055. A long 8,000c (12), long 7,900p (13) has breakevens at 7,875, 8,025.

BANK NIFTY
Current: 16,997 (fut: 17,010)
Target: NA
Stop-loss long positions at 16,900. Stop-short positions at 17,110. Big moves could go till 16,700, 17,300. Uptrend might continue through settlement day.

CIPLA
Current price: Rs 470
Target price: Rs 478
Keep a stop at Rs 466 and go long. Add to the position between Rs 475 and Rs 476. Book profits at Rs 478.

NTPC
Current price: Rs 142
Target price: Rs 138.5
Keep a stop at Rs 144 and go short. Add to the position between Rs 139 and Rs 140. Book profits at Rs 138.5.

LARSEN & TOUBRO
Current price: Rs 1,292
Target price: Rs 1,310
Keep a stop at Rs 1,280 and go long. Add to the position between Rs 1,305 and Rs 1,308. Book profits at Rs 1,310.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 26 2016 | 6:00 AM IST

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