Today's picks: 17 September 2015

Nifty, Bank Nifty, Sun Pharmaceutical, Infosys & Housing Development Finance

NIFTY
Current: 7,899 (fut: 7,898);
Target: NA

Stop-loss short positions at 7,955. Stop long positions at 7,825. Big moves could go till 8,050 & 7,750. Upmove likely if US central bank does not raise rates. A long 8,100c (39), short 8,200c (19) could double in value if the futures crosses 8,000.

BANK NIFTY
Current: 16,964 (futures: 16,957)
Target: NA

Stop-loss long positions at 16,850. Stop short positions at 17,050. Big moves could go till 16,600 & 17,250. An upmove is likely if the US central bank does not raise rates.

SUN PHARMACEUTICAL
Current price: Rs 887
Target price: Rs 900

Keep a stop at Rs 880 and go long. Add to the position between Rs 890 and Rs 892. Book profits at Rs 900.

INFOSYS
Current: Rs 1,101
Target: Rs 1,120

Keep a stop at Rs 1,090 and go long. Add to the position between Rs 1,110 and Rs 1,115. Book profits at Rs 1,120.

HOUSING DEVELOPMENT FINANCE
Current: Rs 1,196
Target: Rs 1,220

Keep a stop at Rs 1,185 and go long. Add to the position between Rs 1,210 and Rs 1,215. Book profits at Rs 1,220.

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