 "Today's picks: From UPL to Sun Pharma, hot stocks to watch today")
Nifty
Current: 11,023 (fut: 11,015), Target: NA
Stop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.
Bank Nifty
Current: 27,025 (fut: 26,995)
Target: NA
Also Read
Stop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.
UPL
Current price: Rs 582
Target price: Rs 572
Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.
Book profits at Rs 572.
Sun Pharma
Current price: Rs 565
Target price: Rs 575
Keep a stop at Rs 560 and go
long. Add to the position between Rs 572 and Rs 574.
Book profits at Rs 575.
Bharti Airtel
Current price: Rs 362; Target price: Rs 357
Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.
Target prices, projected movements in terms of next session, unless otherwise stated
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