Today's Picks: 13 October 2017
Nifty, Bank Nifty, Hindustan Unilever, Infosys, Sun Pharma
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Last Updated : Oct 13 2017 | 6:00 AM IST
Nifty
Current: 10,096 (fut: 10,116), Target: NA
Stop-long positions at 10,045. Stop-short positions at 10,200. Big moves could go till 10,225, 10,000. Resistance at 10,175-10,200. A short 10,200c (33), short 10,000p (41) has breakeven at 9,925, 10,275. Sell with three-session horizon and total premium
stop-loss of 90.
Bank Nifty
Current: 24,361 (fut: 24,382)Target: NA
Stop-long positions at 24,275. Stop-short positions at 24,500. Big moves could go till 24,700, 24,075. Heavy resistance between 24,450 and 24,500, support at 24,150-24,200.
Hindustan Unilever
Current price: Rs 1,241, Target price: Rs 1,260
Keep a stop at Rs 1,230 and go long. Add to the position between Rs 1,255 and Rs 1,257. Book profits at Rs 1,260.
Infosys
Current price: Rs 927, Target price: Rs 940
Keep a stop at Rs 920 and go long. Add to the position between Rs 937 and Rs 939. Book profits at Rs 940.
Sun Pharma
Current price: Rs 540
Keep a stop at Rs 545 and go short. Add to the position between Rs 532 and Rs 534. Book profits at Rs 530.
Target prices, projected movements in terms of next session, unless otherwise stated