Today's picks: 19 April, 2017
Nifty, Bank Nifty, Hindalco, Tech Mahindra & Ambuja Cements
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Last Updated : Apr 19 2017 | 6:00 AM IST
Nifty
Current: 9,105 (fut: 9,116), Target: NA
Stop-Long positions at 9,050. Stop-short positions at 9,175. Big moves could go till 9,000, 9,210. A long 9,100p (65), short 9,000p (35) could gain 15-20 if the futures drops to 9,050.
Bank Nifty
Current: 21,672 (fut: 21,710)
Target: NA
Stop-long positions at 21,600. Stop-short positions at 21,825. Big moves could go till 21,300, 22,000. A correction seems more likely.
Hindalco
Current price: Rs 184
Target price: Rs 188
Keep a stop at Rs 182 and go long. Add to the position between Rs 186 and Rs 187. Book profits at Rs 188.
Tech Mahindra
Current price: Rs 419
Target price: Rs 410
Keep a stop at Rs 423 and go short. Add to the position between Rs 412 and Rs 414. Book profits at Rs 410.
Ambuja Cements
Current price: Rs 241
Target price: Rs 237
Keep a stop at Rs 243 and go short. Add to the position between Rs 238 and Rs 239. Book profits at Rs 237.
Target prices, projected movements in terms of next session, unless otherwise stated