Today's picks: July 21, 2017
Nifty, Bank Nifty, NTPC, Sun Pharma, Wipro
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Last Updated : Jul 21 2017 | 12:23 AM IST
Nifty
Current: 9,873 (fut: 9,886) Target: NA
Stop-long positions at 9,825. Stop-short positions at 9,950. Big moves could go till 10,000, 9,750. A long 9,800p (23), short 9,700p (10) could double if 9,800 is tested.
Bank Nifty
Current: 24,213 (futures: 24,243) Target: NA
Stop-long positions at 24,110. Stop-short positions at 24,350. Big moves could go till 24,575, 23,900. Profit booking could push the financial index down on Thursday.
NTPC
Current price: Rs 165
Target price: Rs 161
Keep a stop at Rs 167 and go short. Add to the position between Rs 162 and Rs 163. Book profits at Rs 161.
Sun Pharma
Current price: Rs 582
Target price: Rs 572
Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 567. Book profits at Book profits at Rs 572.
Wipro
Current price: Rs 269
Target price: Rs 274
Keep a stop at Rs 267 and go long. Add to the position between Rs 272 and Rs 273. Book profits at Rs 274.
Target prices, projected movements in terms of next session unless otherwise stated