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Today's picks- 20 September 2016

Nifty, Bank Nifty, Bajaj Auto, Tata Power & Ambuja Cements

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Devangshu Datta
Last Updated : Sep 19 2016 | 11:28 PM IST
NIFTY
Current: 8,808 (fut: 8,829)
Target: NA
Stop-long positions at 8,750. Stop-short positions at 8,905. Big moves could go till 8,950, 8,700. A long 8,900(47), short 9,000c (19) could gain 15-20 if the index tests 8,900.

BANK NIFTY
Current: 19,907 (fut: 19,993)
Target: NA
Stop-loss long positions at 19,890. Stop-short positions at 20,100. Big moves could go till 19,650, 20,350. The Fed's stance could be crucial but as of now, trend looks up.

BAJAJ AUTO
Current price: Rs 2,945
Target price: Rs 2,900
Keep a stop at Rs 2,975 and go short. Add to the position between Rs 2,905 and Rs 2,915. Book profits at Rs 2,900.

TATA POWER
Current: Rs 77
Target: Rs 79.5
Keep a stop at Rs 76 and go long. Add to the position between Rs 78.5 and Rs 79. Book profits at Rs 79.5.

AMBUJA CEMENTS
Current: Rs 267
Target: Rs 271
Keep a stop at Rs 265 and go long. Add to the position between Rs 269 and Rs 270. Book profits at Rs 271.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Sep 19 2016 | 6:00 AM IST

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