Business Standard

Today's picks: 8 September 2017

Nifty, Bank Nifty, Bharat Petroleum, Aurobindo Pharma and Larsen & Toubro

Devangshu Datta 

Nifty
 
Current: 9,929 (fut: 9,953), Target: NA

Stop-long positions at 9,875.

Stop-short positions at 10,025.

Big moves could go till 10,050, 9,825.

A long 9,900p (88), short 9,800p (60) will gain if range trading continues. 

Bank Nifty 

Current: 24,305 (fut: 24,365)

Target: NA

Stop-long positions at 24,250.

Stop-short positions at 24,475.

Big moves could go till 24,675, 24,000.

The index will react and test 24,200 if range trading continues.

Bharat Petroleum

Current price: Rs 524 

Target price: Rs 515 

Keep a stop at Rs 530 and go short.

Add to the position between Rs 516 and Rs 518.

Book profits at Rs 515.

Aurobindo Pharma

Current price: Rs 742

Target price: Rs 730

Keep a stop at Rs 750 and go short. 

Add to the position between Rs 732 and Rs 734.

Book profits at Rs 730

Larsen & Toubro

Current price: Rs 1,129 

Target price: Rs 1,150

Keep a stop at Rs 1,120 and go long.

Add to the position between Rs 1,140 and Rs 1,145.

Book profits at Rs 1,150.


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

First Published: Fri, September 08 2017. 06:00 IST
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