Today's Picks: 17 October, 2017
Nifty, Bank Nifty, Bajaj Finance, Hindustan Unilever and Bharti Airtel
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Last Updated : Oct 17 2017 | 6:00 AM IST
Nifty
Current: 10,231 (fut: 10,255), Target: NA
Stop-long positions at 10,175. Stop-short positions at 10,325. Big moves could go till 10,375, 10,125. A butterfly of long 10,200c (98), two short 10,300c (43x2), long 10,400c (17) costs 29 and it could pay a maximum of 71 at an index value of 10,300.
Bank Nifty
Current: 24,703 (fut: 24,756)
Target: NA
Stop-long positions at 24,625. Stop-short positions at 24,875. Big moves could go till 25,000, 24,500. The financial index is much less bullish than the broader market.
Bajaj Finance
Current price: Rs 1,886
Target price: Rs 1,855
Keep a stop at Rs 1,905 and go short. Add to the position between Rs 1,860 and Rs 1,865. Book profits at Rs 1,855.
Hindustan Unilever
Current price: Rs 1,281
Target price: Rs 1,305
Keep a stop at Rs 1,270 and go long. Add to the position between Rs 1,295 and Rs 1,300. Book profits at Rs 1,305.
Bharti Airtel
Current price: Rs 453
Target price: Rs 445
Keep a stop at Rs 458 and go short. Add to the position between Rs 447 and Rs 449.
Book profits at Rs 445.
Target prices, projected movements in terms of next session, unless otherwise stated