Tuesday, 4 September 2018

Today's picks: From Nifty to PowerGrid, hot stocks to watch on Tuesday

stock market

Nifty
Current: 11,582 (fut: 11,623), Target: NA
Stop-long positions at 11,540.
Stop-short positions at 11,705.
Big moves could go till 11,500, 11,775.
A long 11,500p (99), short 11,400p (72) could gain 15-20
if the index drops below 11,500.

Bank Nifty
Current: 27,819 (fut: 27,962)
Target: NA
Stop-long positions at 27,800.
Stop-short positions at 28,100.
Big moves could go till 28,275, 27,600.
Trend may stay negative.

Bajaj Finance
Current price: Rs 2,724
Target price: Rs 2,680
Keep a stop at Rs 2,750 and go short.
Add to the position between Rs 2685 and Rs 2700.
Book profits at Rs 2,680.

PowerGrid
Current price: Rs 195
Target price: Rs 190
Keep a stop at Rs 197 and go short.
Add to the position between Rs 191 and Rs 192.
Book profits at Rs 190.

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