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Today's picks- 21 April 2016

Nifty, Bank Nifty, Tata Steel, Wipro & Bharti Infratel

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Devangshu Datta
Last Updated : Apr 21 2016 | 6:00 AM IST
Nifty
Current: 7,915 (futures: 7,936)
Target: NA

Stop-long positions at 7,860. Stop-short positions at 8,010. Big moves could go till 8,065, 7,800. A long 8,000c (41), short 8,100c (15) could gain 15-20 if the index hits 8,000.

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Bank Nifty
Current: 16,350 (fut: 16,412)
Target: NA

Stop-loss long positions at 16,290. Stop-short positions at 16,530. Big moves could go till 16,050, 16,720. Next resistance at 16,470.

Tata Steel
Current price: Rs 357
Target price: Rs 350

Keep a stop at Rs 361 and go short. Add to the position between Rs 352 and Rs 354. Book profits at Rs 350.

Wipro
Current price: Rs 601
Target price: Rs 615

Keep a stop at Rs 594 and go long. Add to the position between Rs 610 and Rs 613. Book profits at Rs 615.

Bharti Infratel
Current price: Rs 386
Target price: Rs 380

Keep a stop at Rs 390 and go short. Add to the position between Rs 382 and Rs 383. Book profits at Rs 380.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Apr 21 2016 | 6:00 AM IST

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