Friday, 31 August 2018

Today's picks: From Sun Pharma to HPCL, hot stocks to watch on Friday

stocks, markets

Nifty
Current: 11,677 (fut: 11,740), Target: NA
Stop-long positions at 11,650. Stop-short positions at 11,825.
Big moves could go till 11,875, 11,600
A long 11,500p (65), long 11,900c (65) can be offset with short 11,400p (48), short 11,200c (37)

Bank Nifty
Current: 28,103 (fut: 28,229)
Target: NA
Stop-long positions at 28,075
Stop-short positions at 28,400.
Big moves could go till 28,550, 27,875
Trend has slightly negative bias

HPCL
Current price: Rs 253
Target price: Rs 247
Keep a stop at Rs 256 and go short. Add to the position between Rs 248 and Rs 249
Book profits at Rs 247

ITC
Current price: Rs 320
Target price: Rs 326
Keep a stop at Rs 317 and go long
Add to the position between Rs 324 and Rs 325
Book profits at Rs 326

Sun Pharma
Current price: Rs 640
Target price: Rs 650
Keep a stop at Rs 635 and go long
Add to the position between Rs 646 and Rs 648
Book profits at Rs 650

No comments:

Post a Comment

Down under, ‘King’ Kohli is thunder: Why Aussies are going gaga over Virat

The Indian skipper’s exploits apart, the broadcasters may have little choice: With local stars Smith and Warner banned, they might grab so...