<b>Today's Picks</b>: 23 February, 2017
Nifty, Bank Nifty, Reliance Industries, Coal India, NTPC
premium
Last Updated : Feb 23 2017 | 6:00 AM IST
Nifty
Current: 8,927 (fut: 8,920), Target: NA
Stop-long positions at 8,850. Stop-short positions at 9,000. Big moves could go till 9,025, 8,800. A long 8,900c (40), long 8,900p (20) has breakevens at 8,840, 8,960.
Bank Nifty
Current: 20,868 (fut: 20,859), Target: NA
Stop-long positions at 20,750. Stop-short positions at 20,975. Big moves could go till 21,200, 20,500. Some upwards bias but likely to be a session without much volatility.
Reliance Industries
Current price: Rs 1,207, Target price: Rs 1,230
Keep a stop at Rs 1,195 and go long. Add to the position between Rs 1,220 and Rs 1,225. Book profits at ~1,230.
Coal India
Current price: Rs 328, Target price: Rs 322
Keep a stop at Rs 332 and go short. Add to the position between Rs 324 and Rs 325. Book profits at Rs 322.
NTPC
Current price: Rs 167, Target price: Rs 160
Keep a stop at Rs 170 and go short. Add to the position between Rs 162 and Rs 163. Book profits at Rs 160.
Target prices, projected movements in terms of next session, unless otherwise stated.