Today's picks: 26 September 2017

Nifty, Bank Nifty, Adani Ports, ONGC, ACC

Nifty   

    

Current: 9,873  (fut: 9,879) Target: NA

Stop-long positions at 9,820. Stop-short positions at 9,950. Big moves could go till 9,750, 10,000. A long 9,800p (23), long 10,000c (14) could gain if there’s a big session in either direction by settlement. Trend still seems down. 

Bank Nifty  

     

Current: 24,165   (futures: 24,204) 

Target: NA  

Stop-long positions at 24,100. Stop-short positions at 24,310. Big moves could go till 24,500, 23,900. Support at 24,000-24,050 may be tested again. 

Adani Ports    

       

Current price: Rs 388.5

Target price: Rs 383

Keep a stop at Rs 392 and go short. Add to the position between Rs 384 and Rs 385. Book profits at Rs 383.

ONGC

Current price: Rs 165   

Target price: Rs 161.5

Keep a stop at Rs 167 and go short. Add 

to the position between Rs 162 and Rs 163. Book profits at Rs 161.5. 

ACC    

   

Current price: Rs 1,632   

Target price: Rs 1,655

Keep a stop at Rs 1,615 and go long. Add to the position between Rs 1,645 and Rs 1,650. Book profits at Rs 1,655. 

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