Today's picks: November 22, 2017

Nifty, Bank Nifty, Sun Pharma, Coal India, Tata Steel

Nifty    

   

Current: 10,326  (fut: 10,351) Target: NA

Stop-long positions at 10,275. Stop-short positions at 10,425. Big moves could go till 10,475, 10,225. A long 10,300p (49), short 10,200p (25) could gain 15-20 if the index drops till 10,275. 

Bank Nifty  

     

Current: 25,757   (futures: 25,795) 

Target: NA  

Stop-long positions at 25,675. Stop-short positions at 25,925. Big moves could go till 26,100, 25,500. Slight downside bias.

Sun Pharma

            

Current price: Rs 538 

Target price: Rs 550

Keep a stop at Rs 532 and go long. Add to the position between Rs 545 and Rs 547. Book profits at Rs 550.

Coal India 

  

Current price: Rs 274 

Target price: Rs 270

Keep a stop at Rs 276 and go short. Add to the position between Rs 271 and Rs 272, Book profits at Rs 270. 

Tata Steel  

       

Current price: Rs 711  

Target price: Rs 700

Keep a stop at Rs 718 and go short. Add to the position between Rs 702 and Rs 704, Book profits at Rs 700.  

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