 "Today's picks: From HDFC, ITC to UPL, hot stocks to buy on Friday")
Nifty
Current: 10,831 (fut: 10,851)
Target: NA
Stop-long positions at 10,750.
Stop-short positions at 10930. Big moves could go till 11,000, 10,650. Extra volatility likely.
A long 11,100c (74), long 10,600p (108), short 11,200c (45), short 10,500p (85) combination has breakevens at 11,152, 10,548.
Also Read
Nifty Bank
Current: 27,295 (fut: 27,320)
Target: NA
Stop-long positions at 27,175. Stop-short positions at 27,475. Big moves could go till 27,800,
27,750. Extra Volatility Likely. Newsflow from Budget will
dictate trends.
ITC
Current price: Rs 278
Target price: Rs 273
Keep a stop at Rs 281 and go short. Add to the position between Rs 274 and Rs 275.
Book profits at Rs 273.
HDFC
Current price: Rs 1,922
Target price: Rs 1,950
Keep a stop at Rs 1,905 and go long. Add to the position between Rs 1,940 and Rs 1945. Book profits at Rs 1,950.
UPL
Current price: Rs 787
Target price: Rs 800
Keep a stop at Rs 780 and go long. Add to the position between Rs 794 and Rs 797. Book profits at Rs 800.
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