You are here: Home » Markets » Daily Stockwatch
Business Standard

Today's picks: 28 September 2017

Nifty, Bank Nifty, Wipro, Larsen & Toubro and Sun Pharma

Devangshu Datta 

Nifty
Current: 9,736 (fut: 9,772), Target: NA
Stop-long positions at 9,700. Stop-short positions at 9,855. Big moves could go till 9,900, 9,650. Trend remains bearish but short-covering could bring relief. A trader could sell October 9,600p (78), 9,900p (76) intending to buyback on Friday or Tuesday.

 
Bank Nifty
Current: 23,813 (fut: 23,817)
Target: NA
Stop-long positions at 23,700. Stop-short positions at 23,925. Big moves could go till 24,125, 23,500. The trend remains negative but there may be short-covering going into settlement.
 
Wipro
Current price: Rs 288
Target price: Rs 292
Keep a stop at Rs 286 and go long. Add to the position between Rs 290 and Rs 291. Book profits at Rs 292.
 
Larsen & Toubro 
Current price: Rs 1,137
Target price: Rs 1,115
Keep a stop at Rs 1,150 and go short. Add to the position between Rs 1,120 and Rs 1,125. Book profits at Rs 1,115.
 
Sun Pharma 
Current price: Rs 495
Target price: Rs 486
Keep a stop at Rs 500 and go short. Add to the position between Rs 488 and Rs 490. Book profits at Rs 486.
Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Thu, September 28 2017. 06:00 IST
RECOMMENDED FOR YOU