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Today's picks: 23 June 2016

Nifty. Bank Nifty, ACC, Bharti Infratel & Infosys

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Devangshu Datta New Delhi
NIFTY

Current: 8,203 (futures: 8,202)
Target: NA
Stop short positions at 8265. Stop long positions at 8,140. Big moves could go till 8,325, 8,070. A long 8,000p (40), long 8,400c (26) could gain 15-20 if the index swings 150-points in the next two sessions.

BANK NIFTY

Current: 17,626 (futures: 17,596)
Target: NA
Stop loss long positions at 17,475. Stop short positions at 17,725. Big moves could go till 18,000, 17,250. Extra volatility likely over the next two sessions.

ACC

Current: Rs 1,571
Target: Rs 1,545
Keep a stop at Rs 1,585 and go short. Add to the position between Rs 1,555 and Rs 1,560. Book profits at Rs 1,545.

BHARTI INFRATEL

Current: Rs 339
Target: Rs 344
Keep a stop at Rs 336 and go long. Add to the position between Rs 342 and Rs 343. Book profits at Rs 344.

INFOSYS

Current: Rs 1,199
Target: Rs 1,180
Keep a stop at Rs 1,210 and go short. Add to the position between Rs 1,185 and Rs 1,190. Book profits at Rs 1,180

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

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First Published: Jun 23 2016 | 6:00 AM IST

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