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Today's picks- 16 June 2016

Nifty, Bank Nifty, Bharti Infratel, Larsen & Toubro & NTPC

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Devangshu Datta
Last Updated : Jun 16 2016 | 6:00 AM IST
NIFTY
Current: 8,206 (futures: 8,217)
Target: NA
Stop-long positions at 8,145. Stop-short positions at 8,285. Big moves could go till 8,320, 8,120. A long (41), long 8,400c (33) will gain if the Fed's policy triggers a trend in either direction.

BANK NIFTY
Current: 17,918 (fut: 17,859)
Target: NA
Stop-loss long positions at 17,750. Stop-short positions at 17,970. Big moves could go till 17,500, 18,200. Market could swing with Fed policy.

BHARTI INFRATEL
Current price: Rs 365
Target price: Rs 360
Keep a stop at Rs 368 and go short. Add to the position between Rs 361 and Rs 362. book profits at Rs 360.

LARSEN & TOUBRO
Current price: Rs 1,513
Target price: Rs 1,485
Keep a stop at Rs 1,530 and go short. Add to the position between Rs 1,495 and Rs 1,500. Book profits at Rs 1,485.

NTPC
Current price: Rs 154
Target price: Rs 157
Keep a stop at Rs 153 and go long. Add to the position between Rs 156 and Rs 156.5. Book profits at Rs 157.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Jun 16 2016 | 6:00 AM IST

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