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Today's picks: 18 May 2015

Nifty, Bank Nifty, Zee, Dr Reddy's Lab & Asian Paints

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Devangshu Datta New Delhi
Last Updated : May 18 2015 | 11:42 PM IST
NIFTY
Current: 8,374 (fut: 8,379)
Target: NA
Stop-long positions at 8,295. Stop-short positions at 8,455. A long 8,500c (48), long 8,600c (23) could gain 10-15 if the index moves above 8,475.

BANK NIFTY
Current: 18,415 (futures: 18,395)
Target: 18,525 (futures: 18,575)
Keep a stop at 18,300 and go long. Add to the position between 18,525 and 18,550. Book profits at 18,575. A fall below 18,250 could trigger till 18,050.

ZEE
Current price: Rs 312  
Target price: Rs 318
Keep a stop at Rs 309 and go long.
Add to the position between Rs 316 and Rs 317. Book profits at Rs 318.

Dr REDDY'S LAB
Current price: Rs 3,622
Target price: Rs 3,575
Keep stop at Rs 3,650 and short. Add to the position between Rs 3,590 and Rs 3,600. Book profits at Rs 3,575.

ASIAN PAINTS
Current price: Rs 767
Target price: Rs 781
Keep a stop at Rs 759 and go long. Add to the position between Rs 775 and Rs 777. Book profits at Rs 781.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: May 18 2015 | 10:39 PM IST

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