Business Standard

Today's picks: 25 May, 2017

Nifty, Bank Nifty, Hindustan Unilever, BPCL, Dr Reddy's

Devangshu Datta 

Nifty 
Current: 9,360 (fut: 9,374), Target: NA
Stop-long positions at 9,325. 
Stop-short positions at 9,425. 
A long 9,300p (10), long 9,400c (15) has breakevens at 9,275, 9,425. Any big move could go into profit.

Bank Nifty 
Current: 22,536 (fut: 22,545)
Target: NA
Stop-long positions at 22,450. Stop-short positions at 22,645. Big moves could go till 22,300, 22,800. Bias is towards further correction.

Hindustan Unilever
Current price: Rs 1,038 
Target price: Rs 1,055 
Keep a stop at Rs 1,030 and go long. Add to the position between Rs 1,050 and Rs 1,052. Book profits at Rs 1,055.

BPCL
Current price: Rs 712
Target price: Rs 725
Keep a stop at Rs 706 and go long. Add to the position between Rs 720 and Rs 723. Book profits at Rs 725.

Dr Reddy's  
Current price: Rs 2,517
Target price: Rs 2,475
Keep a stop at Rs 2,545 and go short. Add to the position between Rs 2,485 and Rs 2,495. Book profits at Rs 2,475.  
Target prices, projected movements in terms of next session, unless otherwise stated

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