Thursday, 19 July 2018

Today's picks: From Hindalco to HDFC, hot stocks to watch on Thursday

Bonds, Stock markets, Shares, Trading

Nifty
Current: 10,980 (fut: 10,986) Target: NA
Stop-long positions at 10,900. Stop-short positions at 11,075. Big moves could go till 11,100, 10,850. A long 10,900p (51), short 10,800p (32) could gain 10-15 if the index tests 10,900.

Bank Nifty
Current: 26,880 (futures: 26,968)
Target: NA
Stop-long positions at 26,825. Stop-short positions at 27,100. Big moves could go till 27,275, 26,700. Trend may have a negative bias.

Hindalco
Current price: Rs 212.5
Target price: Rs 208
Keep a stop at Rs 215 and go short. Add to the position between Rs 209 and Rs 210. Book profits at Rs 208.

Lupin
Current price: Rs 811
Target price: Rs 795
Keep a stop at Rs 820 and go short.
Add to the position between Rs 797 and Rs 802. Book profits at Rs 795.

HDFC
Current price: Rs 2,009
Target price: Rs 2,040
Keep a stop at Rs 1,990 and go long. Add to the position between Rs 2,030 and Rs 2,035. Book profits at Rs 2,040.

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