Today's Picks: 22 March, 2017

Nifty, Bank Nifty, ITC, Aurobindo Pharma, Dr Reddy

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Devangshu Datta
Last Updated : Mar 22 2017 | 6:00 AM IST
Nifty 

Current: 9,121 (fut: 9,155), Target: NA

Stop-long positions at 9,075. Stop-short positions at 9,235. Big moves could go till 9,300, 9,000. A long 9,100p (37), short 9,000p (16) could gain 15-20 if the index drops till 9,075.

Bank Nifty 

Current: 21,019 (fut: 21,110)

Target: NA

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Stop-loss long positions at 21,000. Stop-short positions at 21,225. Big moves could go till 21,450, 20,800. Correction may continue for another session.

ITC

Current price: Rs 288 

Target price: Rs 292 

Kepe a stop at Rs 286 and go long. Add to the position between Rs 290 and Rs 291. Book profits at Rs 292.

Aurobindo Pharma

Current price: Rs 692

Target price: Rs 680

Keep a stop at Rs 698 and go short. Add to the position between Rs 683 and Rs 686. Book profits at Rs 680.  

Dr Reddy  

Current price: Rs 2,623  

Target price: Rs 2,575

Keep a stop at Rs 2,650 and go short. Add to the position between Rs 2,580 and Rs 2,590. Book profits at Rs 2,575.

Target prices, projected movements in terms of next session, unless otherwise stated

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