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Today's picks: 16 April 2015

Nifty, Bank Nifty, Hero Motor, Sun Pharma & Hindustan Unilever

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Devangshu Datta New Delhi
Last Updated : Apr 16 2015 | 10:59 PM IST
NIFTY
Current: 8,706 (fut: 8,710)
Target: NA

Stop-loss long positions at 8,625.
Stop-loss short positions at 8,800. A long 8,600p (57), short 8,500p (35) is worth holding. It could gain 15-20 if the futures tests support at 8,650.

BANK NIFTY
Current: 18,637 (futures: 18,631)
Target: 18,425 (futures: 18,475)

Keep a stop at 18,730 and short. Add to the position between 18,500 and 18,525. Book profits at 18,475.

HERO MOTOR
Current price: Rs 2,430
Target price: Rs 2,380

Keep a stop at Rs 2,450 and short. Add to the position between Rs 2,390 and Rs 2,400. Book profits at Rs 2,380.

SUN PHARMA
Current price: Rs 1,088
Target price: Rs 1,070

Keep a stop at Rs 1,100 and short. Add to the position between Rs 1,075 and Rs 1,080. Book profits at Rs 1,070.

HINDUSTAN UNILEVER
Current price: Rs 934
Target price: Rs 945

Keep a stop at Rs 925 and go long. Add to the position between Rs 941 and Rs 944. Book profits at Rs 945.

Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Apr 16 2015 | 10:39 PM IST

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