Business Standard

Today's picks- 23 September 2015

Nifty, Bank Nifty, Coal India, BHEL & Tata Motors

Devangshu Datta 

Current: 7,812 (fut: 7,797),
Target: NA

Index could open low today. Stop-loss long positions at 7,720. Stop-short positions at 7,855. Big moves could go till 7,650, 8,000. A long 7,800p (70), two short 7,700p (30x2), long 7,600p (15) costs net 25, with a maximum return of 75 at 7,700, and profits between 7,625 and 7,775.

Current: 17,031 (fut: 17,002)
Target: NA
Stop-loss long positions at 16,825. Stop-loss short positions at 17,030. Big moves could go till 17,250, 16,600. Selling pressure seems strong but short covering could occur, given settlement.

Current price: Rs 323.5
Target price: Rs 318
Keep a stop at Rs 327 and short. Add to the position between Rs 319 and Rs 320. book profits at Rs 318.

Current price: Rs 201
Target price: Rs 197
Keep a stop at Rs 204 and short. Add to the position between Rs 198 and Rs 199. Book profits at Rs 197.

Current price: Rs 316
Target price: Rs 322
Keep a stop at Rs 312 and go long. Add to the position between Rs 319 and Rs 320. Book profits at Rs 322.

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

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First Published: Wed, September 23 2015. 06:00 IST