Today's picks: 1st November, 2017

Nifty, Bank Nifty, ONGC, NTPC and Hindalco

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Devangshu Datta
Last Updated : Nov 01 2017 | 6:00 AM IST
Nifty

Current: 10,335 (fut: 10,371), Target: NA

Stop-long positions at 10,300. Stop-short positions at 10,425. 

Big moves could go till 10,500, 10,250. 

A long 10,200p (77), short 10,100p (54) could gain 10-15 

if the index dips below 10,300.

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Bank Nifty 

Current: 25,019 (fut: 25,071)

Target: NA

Stop-long positions at 24,975. 

Stop-short positions at 25,175. 

Big moves could go till 25,375, 24,775. 

More profit-booking could test support at 24,925-24,950.

ONGC 

Current price: Rs 191 

Target price: Rs 195

Keep a stop at Rs 189 and go long. 

Add to the position between Rs 193 and Rs 194. 

Book profits at Rs 195.

NTPC 

Current price: Rs 181

Target price: Rs 177

Keep a stop at Rs 183 and go short. 

Add to the position between Rs 178 and Rs 179. Book profits at Rs 177.  

Hindalco

Current price: Rs 267 

Target price: Rs 263 

Keep a stop at Rs 269 and go short. 

Add to the position between Rs 264 and Rs 265. Book profits at Rs 263. 

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

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