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Today's picks- 22 September 2014

Nifty, Bank Nifty, Tata Motors, DLF & ITC

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Devangshu Datta
Last Updated : Sep 22 2014 | 10:30 PM IST
NIFTY
 Current:  8,146 (fut: 8,153)
Target: NA
Stop loss shorts at 8,205. Stop long positions at 8,075. Big moves could go till 8,275 or 8,025. A long 8,200c (14) and long 8,100p (16) would gain 10-15 if either end is hit. (All futures prices)

BANK NIFTY
Current: 16,188 (futures: 16,194)
Target: 16,300 (futures: 16,325)
Keep a stop at 16,125 and go long. Add to the position between 16,250 and 16,275. Book profits at 16,325.

TATA MOTORS
Current: Rs 540
Target: Rs 549
Keep a stop at Rs 535 and go long. Add to the position between Rs 544 and Rs 546. Book profits at Rs 549.

DLF
Current: Rs 167
Target: Rs 161
Keep a stop at Rs 170 and short. Add to the position between Rs 162 and Rs 164. Book profits at Rs 161.

ITC
Current: Rs 371
Target: Rs 378
Keep a stop at Rs 367 and go long. Add to the position between Rs 374 and Rs 376. Book profits at Rs 378.
Target prices, projected movements in terms of next session, unless otherwise stated
 

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First Published: Sep 22 2014 | 10:30 PM IST

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