Today's picks: From Bharti Infratel to M&M, hot stocks to watch on Thursday

Nifty, Nifty Bank, Bharti Infratel, M&M, IDFC

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Devangshu Datta
Last Updated : May 31 2018 | 6:30 AM IST
Nifty
Current 10614 (fut: 10615), Target: NA
Stop-long positions at 10550.
Stop-short positions at 10675.
Big moves could go till 10725, 10500.
A long 10600p (34), has breakevens at 10565 and it could be held with a target of 10525.

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Nifty Bank 
Current: 26327 (fut: 26272)  Target NA.
Stop long positions at 26175.
Stop short positions at 26400.
Big moves could go till 26500, 26000. Trend could go negative, support at 25975-26025.
 
Bharti Infratel
Current price: ~301   
Target price: ~306
Keep a stop at 298 and go long.
Add to the position between 304-305. Book profits at 305.
 
M&M 
Current price: ~895
Target price: ~880
Keep a stop at 903  and go short. Add to the position between 885-887. Book profits at 880. 
 
IDFC 
Current price: ~40  
Target price: ~38.5
Keep a stop at 41 and go short. Add to the position between 39-39.50. Book profits at 38.50  
 

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


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