Today's picks: 22 August 2017

Nifty, Bank Nifty, Bank of Baroda, Lupin, ONGC

Nifty       

Current: 9,754 (fut: 9,764) Target: NA

Stop-long positions at 9,700. Stop-short positions at 9,825. Big moves could go till 9,650, 9,875. A long 9,700p (60), short 9,600p (36) could gain 15-20 if the downtrend breaks below 9,675.

Bank Nifty       

Current: 23,936 (futures: 23,951) 

Target: NA  

Stop-long positions at 23,800. Stop-short positions at 24,075. Big moves could go till 23,650, 24,250. Downtrend likely to continue. 

Bank of Baroda           

Current price: Rs 142 

Target price: Rs 138

Keep a stop at Rs 144 and go short. Add to the position between Rs 139 and Rs 140. 

Book profits at Rs 138.

Lupin   

Current price: Rs 923   

Target price: Rs 905

Keep a stop at Rs 932 and go short. Add to the position between Rs 910 and Rs 914. Book profits at Rs 905. 

ONGC         

Current price: Rs 157

Target price: Rs 153

Keep a stop at Rs 159 and go short. Add to the position between Rs 154 and Rs 155. Book profits at Rs 153.

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