Today's picks- 28 October 2016

Nifty, Bank Nifty, Bharti Infratel, Coal India & HDFC

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Devangshu Datta
Last Updated : Oct 28 2016 | 6:00 AM IST
Nifty
Current: 8,615 (fut: 8,655),
Target: NA
Stop-long positions at 8,580. Stop-short positions at 8,730. Big moves could go till 8,800, 8,505. A long 8,800c (59), short 8,900c (32) could gain 10-15 if the futures rose till 8,750.

Bank Nifty
Current: 19,515 (fut: 19,615)
Target: NA
Stop-long positions at 19,505. Stop-short positions at 19,725. Big moves could go till 19,975, 19,275. Trend neutral or slightly positive.

Bharti Infratel
Current price: Rs 354
Target price: Rs 348
Keep a stop at Rs 357 and go short. Add to the position between Rs 349 and Rs 350. Book profits at Rs 348.

Coal India
Current price: Rs 316
Target price: Rs 322
Keep a stop at Rs 312 and go long. Add to the position between Rs 319 and Rs 320. Book profits at Rs 322.

HDFC
Current price: Rs 1,379
Target price: Rs 1,405
Keep a stop at Rs 1,365 and go long. Add to the position between Rs 1,395 and Rs 1,400. Book profits at Rs 1,405.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Oct 28 2016 | 6:00 AM IST

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