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Today's picks: 22 January 2016

Nifty, Bank Nifty, Hind Unilever, Cipla & ACC

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Devangshu Datta New Delhi
Last Updated : Jan 22 2016 | 6:00 AM IST
NIFTY

Current: 7,277 (futures: 7,297)
Target: NA

Stop-long positions at 7,220. Stop-short positions at 7,380. Big moves could go till 7,430, 7,170. A long 7,400c (32), short 7,500c (12) could double if short-covering pushes the index up above 7,350.

BANK NIFTY

Current: 15,101(fut: 15,125)
Target: NA

Stop-short positions at 15,225. Stop-long positions at 15,000. Big moves could go till 15,450, 14,800. The financial index looks stronger than the Nifty.

HIND UNILEVER

Current price: Rs 775
Target price: Rs 790

Keep a stop at Rs 768 and go short. Add to the position between Rs 785 and Rs 788. Book profits at Rs 790.

CIPLA

Current price: Rs 580
Target price: Rs 590

Keep a stop at Rs 575 and go long. Add to the position between Rs 585 and Rs 587. Book profits at Rs 590.

ACC

Current price: Rs 1,228
Target price: Rs 1,205

Keep a stop at Rs 1,240 and go short. Add to the position between Rs 1,212 and Rs 1,216. Book profits at Rs 1,205.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Jan 22 2016 | 6:00 AM IST

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