Today's picks: 23 August 2017
Nifty, Bank Nifty, BPCL, Indiabulls Housing, TCS
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Last Updated : Aug 23 2017 | 6:00 AM IST
Nifty
Current: 9,765 (fut: 9,794) Target: NA
Stop-long positions at 9,725. Stop-short positions at 9,875. Big moves could go till 9,920, 9,675. A long 9,700p (42), short 9,600p (24) could gain 15-20 if the index tests 9,700.
Bank Nifty
Current: 23,974 (futures: 24,083)
Target: NA
Stop-long positions at 23,975. Stop-short positions at 24,200. Big moves could go till 24,400, 23,750. Correction likely to continue.
BPCL
Current price: Rs 510
Target price: Rs 520
Keep a stop at Rs 505 and go long. Add to the position between Rs 516 and Rs 518. Book profits at Rs 520.
Indiabulls Housing
Current price: Rs 1,176
Target price: Rs 1,155
Keep a stop at Rs 1,190 and go short. Add to the position between Rs 1,160 and Rs 1,165. Book profits at Rs 1,155.
TCS
Current price: Rs 2,498
Target price: Rs 2,455
Keep a stop at Rs 2,520 and go short. Add to the position between Rs 2,465 and Rs 2,475. Book profits at Rs 2,455.
Target prices, projected movements in terms of next session, unless otherwise stated Devangshu Datta