Today's picks: 26 September 2017

Nifty, Bank Nifty, Adani Ports, ONGC, ACC

Nifty   

    

Current: 9,873  (fut: 9,879) Target: NA

Stop-long positions at 9,820. Stop-short positions at 9,950. Big moves could go till 9,750, 10,000. A long 9,800p (23), long 10,000c (14) could gain if there’s a big session in either direction by settlement. Trend still seems down. 

Bank Nifty  

     

Current: 24,165   (futures: 24,204) 

Target: NA  

Stop-long positions at 24,100. Stop-short positions at 24,310. Big moves could go till 24,500, 23,900. Support at 24,000-24,050 may be tested again. 

Adani Ports    

       

Current price: Rs 388.5

Target price: Rs 383

Keep a stop at Rs 392 and go short. Add to the position between Rs 384 and Rs 385. Book profits at Rs 383.

ONGC

Current price: Rs 165   

Target price: Rs 161.5

Keep a stop at Rs 167 and go short. Add 

to the position between Rs 162 and Rs 163. Book profits at Rs 161.5. 

ACC    

   

Current price: Rs 1,632   

Target price: Rs 1,655

Keep a stop at Rs 1,615 and go long. Add to the position between Rs 1,645 and Rs 1,650. Book profits at Rs 1,655.  Target prices, projected movements in terms of next session, unless otherwise stated