Today's picks: From Bajaj Auto to NTPC, hot stocks to buy on Friday

Bank Nifty: Stop-short positions at 27,550. Big moves could go till 27,750, 27,050. Trend may turn negative with bull unloading

Stock market
(Photo: Kamlesh Pednekar)
Devangshu Datta
Last Updated : Feb 08 2019 | 6:30 AM IST
Nifty 

Current: 11,069 (fut: 10,083)

Target: NA

Stop-long positions at 10,000. Stop-short positions at 11,155. Big moves could go till 11,200, 10,950. Extra volatility likely. Trend may go negative with bull unloading. A long 11,000p (110), short 10,900p (80) could gain 10-15 if the index dips below 11000.

Bank Nifty 

Current: 27,387 (fut: 27,416)

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Target: NA

Stop-long positions at 27,275. 

Stop-short positions at 27,550. Big moves could go till 27,750, 27,050. Trend may turn negative with bull unloading.

Bajaj Auto 

Current price: Rs 2,854 

Target price: Rs 2,900

Keep a stop at Rs 2,830 and go long. Add to the position between Rs 2,885 and Rs 2,895. Book profits at Rs 2,900.

NTPC  

Current price: Rs 136 

Target price: Rs 132

Keep a stop at Rs 138 and go short. Add to the position between Rs 133 and Rs 134. Rs Book profits at 132.

Dr Reddy  

Current price: Rs 2,822 

Target price: Rs 2,865

Keep a stop at Rs 2,800 and go long. Add to the position between Rs 2,850 and Rs 2,860. 

Book profits at Rs 2,865.

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

 

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