<b>Today's Picks:</b> 16 March, 2017
Nifty, Bank Nifty, BHEL, TCS, Tata Steel
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Last Updated : Mar 16 2017 | 6:00 AM IST
Nifty
Current: 9,084 (fut: 9,104), Target: NA
Stop-loss long positions at 9,025. Stop-short positions at 9,185. Big moves could go till 9,225, 8,975. A long 9,000p (43), short 8,900p (23) could gain 10-15 if the futures reacts till 9,025.
Bank Nifty
Current: 21,158 (fut: 21,215)
Target: NA
Stop-long positions at 21,050. Stop-short positions at 21,250. Big moves could go till 21,500, 20,800. A correction seems likely. Strong resistance at 21,225-21,275.
BHEL
Current price: Rs 167
Target price: Rs 170
Keep a stop at Rs 166 and go long. Add to the position between Rs 168.5 and Rs 169. Book profits at Rs 170.
TCS
Current price: Rs 2,498
Target price: Rs 2,460
Keep a stop at Rs 2,525 and go short. Add to the position between Rs 2,465 and Rs 2,475. Book profits at Rs 2,460.
Tata Steel
Current price: Rs 479
Target price: Rs 487
Keep a stop at Rs 475 and go long. Add to the position between Rs 484 and Rs 486. Book profits at Rs 487.