You are here: Home » Markets » News
Business Standard

From Bajaj Auto to Bharti Infratel: hot stocks to watch on Thursday

Keep a stop at 3,015 and go long for Bajaj Auto. Add to the position between 3,085 and 3,095

Devangshu Datta 

markets, stocks, sensex, nifty, bse, nse
Photo: Shutterstock

Nifty

Current: 11,737 (fut: 11,790),

Target: NA

Stop long positions at 11,675. Stop short positions at 11,900. Be prepared for excess volatility. Big mo­ves could go till 12100, 11,450. Trend will depend on election results. A long May 30 12,100c (87), long 11,500p (110) can be offset with short 11,400p (95), short 12,200c (65). Net cost 37, maximum return 63.

Bank Nifty

Current: 30,526 (fut: 30,685),

Target: NA

Stop long positions at 30,525. Stop short positions at 30,900. Be prepared for excess volatility. Big moves could go till 31,100, 30,300. Trend will go with election results.

Bajaj Auto

Current price: Rs 3,047

Target price: Rs 3,100

Keep a stop at 3,015 and go long. Add to the position between 3,085 and 3,095. Book profits at 3,100.

Titan

Current price: Rs 1,241

Target price: Rs 1,260

Keep a stop at 1,230 and go long. Add to the position between 1,254 and 1,258. Book profits at 1,260.

Bharti Infratel

Current price: Rs 269

Target price: Rs 263

Keep a stop at 272 and go short. Add to the position between 264 and 265. Book profits at 263.


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

First Published: Thu, May 23 2019. 06:30 IST
RECOMMENDED FOR YOU