Today's picks: From Bajaj Finance to CIL, hot stocks to buy on Wednesday

For Bajaj Finance keep a stop at Rs 3,025 and go long

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Devangshu Datta New Delhi
2 min read Last Updated : Apr 03 2019 | 6:15 AM IST
Nifty 
Current 11,713 (fut: 11,787), 
Target: NA
Stop-long positions at 11,675. Stop- short positions at 11,850. Big moves could go till 11,900, 11,600. Trend will stay up until the RBI Monetary Policy. A short April 11,800c (78), long 11,900c (42) with a Long Apr 25 11,800c (157), short 11,900c (108), costs a net 13 and it will gain if the index crosses 11,800.

Bank Nifty 
Current: 30,354 (fut: 30,617), 

Also Read

Target: NA
Note the large premium over spot. Stop-long positions at 30,450. Stop-short positions at 30,750. Big moves could go till 30,800, 30,200. The Nifty Bank index likely to trend up till 
Monetary Policy. 

Bajaj Finance 
Current price: Rs 3,055 
Target price: Rs 3,100  
Keep a stop at Rs 3,025 and go long. Add to the position between Rs 3,085 and Rs 3,095. Book profits at Rs 3,100.

Sun Pharma 
Current price: Rs 470   
Target price: Rs 463
Keep a stop at Rs 474 and go short. Add to the position between Rs 464 and Rs 466. Book profits at Rs 463. 

Coal India 
Current price: Rs 236   
Target price: Rs 232 
Keep a stop at Rs 238 and go short. Add to the position between Rs 233 and Rs 234. Book profits at Rs 232. 

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