Today's picks: 13 September 2017

Nifty, Bank Nifty, Bharat Petroleum, Tata Steel and Wipro

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Devangshu Datta
Last Updated : Sep 13 2017 | 6:00 AM IST
Nifty 

Current: 10,093 (fut: 10,105) Target: NA

Stop-long positions at 10,025.

Stop-short positions at 10175.

Big moves could go till 9,950, 10,250.

New high likely. A long 10,200c (37) short 10,300c (13)

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bullspread could gain 10-15 if the index breaks 10,175.

Bank Nifty 

Current: 24,780 (fut: 24,785)

Target: NA

Stop-long positions at 24,675.

Stop-short positions at 24,900.

Big moves could go till 25,100, 24,500.

Uptrend is likely to continue and new high possible.

Bharat Petroleum

Current price: Rs 534 

Target price: Rs 545 

Keep a stop at Rs 529 and go long.

Add to the position between Rs 540 and Rs 543. Book profits at Rs 545. 

Tata Steel

Current price: Rs 683

Target price: Rs 695

Keep a stop at Rs 675 and go long.

Add to the position between Rs 690 and Rs 694.

Book profits at Rs 695.

Wipro

Current price: Rs 298 

Target price: Rs 293

Keep a stop at Rs 301 and go short.

Add to the position between Rs 294 and Rs 295.

Book profits at Rs 293.

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

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