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Today's Picks: 12 October 2017

Nifty, Bank Nifty, Vedanta, Coal India, Wipro

Devangshu Datta 

Nifty     
 
Current: 9,985 (fut: 9,982), Target: NA
Stop-long positions at 9,925. Stop-short positions at 10,050. Big moves could go till 10,125, 9,875. A long 9,900p (62), short 9,800p (41) could gain 10-15 if the 9,925 support is tested.

Bank       

Current: 24,107 (futures: 24,085), Target: NA  
Stop-long positions at 23,975. Stop-short positions at 24,200. Big moves could go till 24,400, 23,800. Key support at 24,000 could be tested again.

Vedanta           

Current price: Rs 313.5, Target price: Rs 307
Keep a stop at Rs 317 and go short. Add to the position between Rs 308 and Rs 309. Book profits at Rs 307.

Coal India  

Current price: Rs 283, Target price: Rs 278
Keep a stop at Rs 285 and go short. Add to the position between Rs 279 and Rs 280. Book profits at Rs 278.

        

Current price: Rs 291, Target price: Rs 295
Keep a stop at Rs 288 and go long. Add to the position between Rs 293 and Rs 294. Book profits at Rs 295.

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

First Published: Thu, October 12 2017. 06:00 IST
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