Today's Picks: July 12, 2017
Nifty, Bank Nifty, Hindalco, NTPC, Cipla
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Last Updated : Jul 12 2017 | 6:35 AM IST
Nifty
Current: 9,786 (fut: 9,792),
Target: NA
Stop-short positions at 9,850. Stop-long positions at 9,725. Big moves could go till 9,900, 9,700. A long 9,700p (48), short 9,600p (28) could double if support at 9,725 is tested.
Bank Nifty
Current: 23,584 (fut: 23,603)
Target: NA
Stop-short positions at 23,710. Stop-long positions at 23,500. Big moves could go till 23,300, 23,900. Correction may test support at 23,450-23,475.
Hindalco
Current price: Rs 200
Target price: Rs 204
Keep a stop at Rs 198 and go long. Add to the position between Rs 202 and Rs 203. Book profits at Rs 204.
NTPC
Current price: Rs 163
Target price: Rs 159
Keep a stop at Rs 165 and go short. Add to the position between Rs 160 and Rs 161. Book profits at Rs 159.
Cipla
Current price: Rs 538
Target price: Rs 526
Keep a stop at Rs 545 and go short. Add to the position between Rs 528 and Rs 530. Book profits at Rs 526.
Target prices, projected movements in terms of next session, unless otherwise stated
Target prices, projected movements in terms of next session, unless otherwise stated