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From Infosys to Tata Steel, hot stocks to watch on Thursday

For Tata Steel, keep a stop at 498 and go short

Devangshu Datta 

Photo: Kamlesh Pednekar
Photo: Kamlesh Pednekar

Nifty

Current: 10,792 (fut: 10,825)


Target: NA

Stop-long positions at 10,745. Stop-short positions at 10,905. Big moves could go till 10,950, 10,700. A long 10700p (137), short 10600p (105) could gain 15-20 if the futures drops below 10,725.

Bank Nifty

Current: 27,174 (futures: 27,275)

Target: NA

Stop-long positions at 27,125. Stop-short positions at 27,425. Big moves could go till 27,650, 26,875. Trend could stay negative.

Infosys

Current price: Rs 669

Target price: Rs 680

Keep a stop at 664 and go long. Add to the position between 676-678. Book profits at 680.

Tata Steel

Current price: Rs 494

Target price: Rs 486

Keep a stop at 498 and go short. Add to the position between 488-490. Book profits at 486.



Current price: Rs 7,268

Target price: Rs 7,150

Keep a stop at 7320 and go short . Add to the position between 7170-7200. Book profits at 7150.


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

First Published: Thu, January 03 2019. 06:30 IST
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