Today's picks: 10 October 2017

Nifty, Bank Nifty, ONGC, Hindustan Unilever, NTPC

Nifty

      

Current: 9,989  (fut: 10,020) Target: NA

Stop-long positions at 9,950. Stop-short positions at 10,075. Big moves could go till 10,125, 9,900. A long 9,900p (50), short 9,800p (32) could gain 10-15 if the 9,950 support is tested.

 

Bank Nifty      

Current: 24,252   (futures: 24,309) Target: NA 

Stop-long positions at 24,200.

Stop-short positions at 24,425. Big moves could go till 24,600, 24,100. Resistance at 24,375-24,400.

 

ONGC      

    

Current price: Rs 171 Target price: Rs 167

Keep a stop at Rs 173 and go short. Add to the position between Rs 168 and Rs 169. Book profits at Rs 167.

 

Hindustan Unilever  

Current price: Rs 1,220  

Target price: Rs 1,240

Keep a stop at Rs 1,210 and go long. Add to the position between Rs 1,232 and Rs 1,235. Book profits at Rs 1,240. 

 

NTPC    

   

Current price: Rs 175

Target price: Rs 171

Keep a stop at Rs 177 and go short. Add to the position between Rs 172 and Rs 173. Book profits at Rs 171. 

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