Today's picks- 15 September 2016

Nifty, Bank Nifty, ONGC, TCS & Adani Ports

NIFTY
Current: 8,727 (fut: 8,777),
Target: NA
Stop-long positions at 8,720. Stop-short positions at 8,835. Big moves could go till 8,650, 8,900. Support at 8,650 key. A long 8,900c (42), short 9,000c (19) could gain 10-15 if the futures moves till 8,850.

BANK NIFTY

Current: 19,909 (fut: 20,037)
Target: NA
Stop-loss long positions at 19,895. Stop-short positions at 20,150. Big moves could go till 19,650, 20,350. Trend may have turned bullish again. Support at 19,750 is key.

ONGC
Current price: Rs 248
Target price: Rs 244
Keep a stop at Rs 250 and go short. Add to the position between Rs 245 and Rs 246. book profits at Rs 244.

TCS
Current price: Rs 2,328
Target price: Rs 2,385
Keep a stop at Rs 2,300 and go long. Add to the position between Rs 2,355 and Rs 2,370. Book profits at Rs 2,385.

ADANI PORTS
Current price: Rs 265
Target price: Rs 270
Keep a stop at Rs 262 and go long. Add to the position between Rs 268 and Rs 269. Book profits at Rs 270.
Target prices, projected movements in terms of next session, unless otherwise stated