 "Today's picks: Indiabulls Housing to NTPC, hot stocks to watch on Wednesday")
Nifty
Current: 10,656 (fut: 10,664), Target: NA
Stop-long positions at 10,585.
Stop-short positions at 10,750. Big moves could go till 10,800, 10,525. Downtrend in force. A long 10,600p (70), short 10,500p (43) could gain 15-20 if the index falls below 10,575.
Bank Nifty
Current: 26,113 (fut: 26,125)
Target: NA
Stop-long positions at 25,975. Stop-short positions at 26,275. Big moves could go till 26,450, 25,775. Downtrend in force.
Indiabulls Housing
Current price: Rs 706
Target price: Rs 694
Keep a stop at Rs 713 and go short. Add to the position between Rs 695 and Rs 698. Book profits at Rs 694.
NTPC
Current price: Rs 149
Target price: Rs 146
Keep a stop at Rs 151 and go short. Add to the position between Rs 146.5 and Rs 147. Book profits at Rs 146.
Coal India
Current price: Rs 262
Target price: Rs 257
Keep a stop at Rs 264 and go short. Add to the position between Rs 258 and Rs 259. Book profits at Rs 257.
Target prices, projected movements in terms of next session, unless otherwise stated.
Current: 10,656 (fut: 10,664), Target: NA
Stop-long positions at 10,585.
Stop-short positions at 10,750. Big moves could go till 10,800, 10,525. Downtrend in force. A long 10,600p (70), short 10,500p (43) could gain 15-20 if the index falls below 10,575.
Bank Nifty
Also Read
Target: NA
Stop-long positions at 25,975. Stop-short positions at 26,275. Big moves could go till 26,450, 25,775. Downtrend in force.
Indiabulls Housing
Current price: Rs 706
Target price: Rs 694
Keep a stop at Rs 713 and go short. Add to the position between Rs 695 and Rs 698. Book profits at Rs 694.
NTPC
Current price: Rs 149
Target price: Rs 146
Keep a stop at Rs 151 and go short. Add to the position between Rs 146.5 and Rs 147. Book profits at Rs 146.
Coal India
Current price: Rs 262
Target price: Rs 257
Keep a stop at Rs 264 and go short. Add to the position between Rs 258 and Rs 259. Book profits at Rs 257.
Target prices, projected movements in terms of next session, unless otherwise stated.
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