Friday, 24 August 2018

Today's picks: From Lupin to Bajaj Auto, hot stocks to watch on Friday

Today's picks: From Lupin to Bajaj Auto, hot stocks to watch on Friday

Nifty 
Current: 11,583 (fut: 11,596)
Target: NA
Stop-long positions at 11,500. Stop-short positions at 11,675.Big moves could go till 11,725, 11,475. A long 11,700c (20), long 11,500p (34) would profit if the index moves outside 11,445-11,755 by settlement.

Bank Nifty 
Current: 28,027 (fut: 28,112)
Target: NA
Stop-long positions at 27,975. Stop-short positions at 28,250. Big moves could go till 27,775, 28,450. Profit booking may continue to drag the index down.

Lupin
Current price: Rs 903
Target price: Rs 915
Keep a stop at Rs 897 and go long. Add to the position between Rs 910 and Rs 913.
Book profits at Rs 915.

HPCL 
Current price: Rs 260
Target price: Rs 255
Keep a stop at Rs 263 and go short. Add to the position between Rs 256 and Rs 257.
Book profits at Rs 255. 

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