Today's picks: 21 February, 2017
Nifty, Bank Nifty, TCS, ITC
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Nifty
Current: 8,879 (fut: 8,878)
Target: NA
Stop-long positions at 8,805. Stop-short positions at 8,955. Big moves could go till 9,005, 8,750. A long 8,900c (31), short 9,000c (7) could gain 10-15 if the bull run hits 8,950.
Bank Nifty
Current: 20,677 (futures: 20,667)
Also Read
Target: NA
Stop-long positions at 20,550. Stop-short positions at 20,780.
Big moves could go till 21,025, 20,300. Financial index could see some profit booking.
TCS
Current price: Rs 2,502
Target price: Rs 2,600
Keep a stop at Rs 2,475 and go long. Add to the position between Rs 2,550 and Rs 2,575. Book profits at Rs 2,600.
Idea
Current price: Rs 108.5
Target price: Rs 106.6
Keep a stop at Rs 110 and go short. Add to the position between Rs 107 and Rs 107.5.
Book profits at Rs 106.5
ITC
Current price: Rs 266
Target price: 262
Keep a stop at Rs 269 and go short. Add to the position between Rs 263 and Rs 264. Book profits at Rs 262. Target prices, projected movements in terms of next session, unless otherwise stated
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