Today's picks- 29 July 2016

Nifty, Bank Nifty, Sun Pharma, Bharti Infratel & Infosys

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Devangshu Datta
Last Updated : Jul 29 2016 | 6:00 AM IST
NIFTY
Current: 8,666 (futures: 8,698)
Target: NA
Stop-loss long positions at 8,645. Stop-loss short positions at 8,755. Big moves could go till 8,810, 8,590. Upside bias, A long 8,800c (84), short 8,900c (51) could gain 10-15 if the futures moves above 8,750.

BANK NIFTY
Current: 19,076 (fut: 19,152)
Target: NA
Stop-long positions at 19,025. Stop-short positions at 19,275. Big moves could go till 19,400, 18,900. Upside bias.

SUN PHARMA
Current price: Rs 825
Target price: Rs 840
Keep a stop at Rs 820 and go long. Add to the position between Rs 833 and Rs 837. Book profits at Rs 840.

BHARTI INFRATEL
Current price: Rs 400
Target price: Rs 408
Keep a stop at Rs 395 and go long. Add to the position between Rs 405 and Rs 407. Book profits at Rs 408.

INFOSYS
Current price: Rs 1,077
Target price: Rs 1,055
Keep a stop at Rs 1,085 and go short. Add to te position between Rs 1,060 and Rs 1,065. Book profits at Rs 1,055.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Jul 29 2016 | 6:00 AM IST

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