Today's picks: 9 March 2016
Nifty, Bank Nifty, Zee Entertainment, Infosys & Bharti Airtel
Devangshu DattaNIFTY Current: 7,485 (futures: 7,453)
Target: NA
Stop-long positions at 7,380. Stop-short positions at 7,520. Big moves could go till 7,320, 7,585. A long 7,300p (71), short 7,200p (50) could gain 15-20 if the futures drops to 7,350.
BANK NIFTY Current: 15,146 (fut: 15,151)
Target: NA
Stop-long positions at 15,025. Stop-short positions at 15,275. Big moves could go till 15,450, 14,800. Profit-booking
may continue.
ZEE ENTERTAINMENT Current price: Rs 391
Target price: Rs 384
Keep a stop at Rs 395 and go short. Add to the position between Rs 385 and Rs 386. book profits at Rs 384.
INFOSYS Current price: Rs 1,163
Target price: Rs 1,140
Keep a stop at Rs 1,175 and go short. Add to the position between Rs 1,148 and Rs 1,153. Book profits at Rs 1,140.
BHARTI AIRTEL Current price: Rs 332
Target price: Rs 327
Keep a stop at Rs 335 and go short. Add to the position between Rs 328 and Rs 329. Book profits at Rs 327.
Target prices, projected movements in terms of next session, unless otherwise stated