Today's Picks: 23 June, 2017
Nifty, Bank Nifty, HDFC, Coal India and Vedanta
premium
Nifty
Current: 9,630 (fut: 9,631), Target: NA
Stop-long positions at 9,570. Stop-short positions at 9,700. Big moves could go till 9,750, 9,500. A long 9,600p (39), short 9,500p (17) could gain 15-20 if the index falls till 9,550.
Bank Nifty
Current: 23,736 (fut: 23,710)
Target: NA
Stop-long positions at 23,600. Stop-short positions at 23,825. Big moves could go till 24,050, 23,350. Index may have some downside bias.
HDFC
Current price: Rs 1,635
Target price: Rs 1,680
Keep a stop at Rs 1,635 and go long. Add to the position between Rs 1,670 and Rs 1,675. Book profits at Rs 1,680.
Coal India
Current price: Rs 246
Target price: Rs 240
Keep a stop at Rs 248 and go short. Add to the position between Rs 242 and Rs 243. Book profits at Rs 240.
Vedanta
Current price: Rs 234
Target price: Rs 230
Keep a stop at Rs 236 and go short. Add to the position between Rs 231 and Rs 232. Book profits at Rs 230.
Current: 9,630 (fut: 9,631), Target: NA
Stop-long positions at 9,570. Stop-short positions at 9,700. Big moves could go till 9,750, 9,500. A long 9,600p (39), short 9,500p (17) could gain 15-20 if the index falls till 9,550.
Bank Nifty
Current: 23,736 (fut: 23,710)
Target: NA
Stop-long positions at 23,600. Stop-short positions at 23,825. Big moves could go till 24,050, 23,350. Index may have some downside bias.
HDFC
Current price: Rs 1,635
Target price: Rs 1,680
Keep a stop at Rs 1,635 and go long. Add to the position between Rs 1,670 and Rs 1,675. Book profits at Rs 1,680.
Coal India
Current price: Rs 246
Target price: Rs 240
Keep a stop at Rs 248 and go short. Add to the position between Rs 242 and Rs 243. Book profits at Rs 240.
Vedanta
Current price: Rs 234
Target price: Rs 230
Keep a stop at Rs 236 and go short. Add to the position between Rs 231 and Rs 232. Book profits at Rs 230.
Target prices, projected movements in terms of next session, unless otherwise stated