Today's picks: 24 August 2017
Nifty, Bank Nifty, Infosys, NTPC, Hind Unilever
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Last Updated : Aug 24 2017 | 6:00 AM IST
Nifty
Current: 9,852 (fut: 9,859), Target: NA
Stop-long positions at 9,775. Stop-short positions at 9,930. Big moves could go till 9,975, 9,750. A long 9,800p (40), long 9,900c (39) can be offset by short 9,700p (20), short 10,000c (13). Net cost 46, break-evens at 9,946, 9,754.
Bank Nifty
Current: 24,316 (futures: 24,316)
Target: NA
Stop-long positions at 24,200. Stop-short positions at 24,425. Big moves could go till 24,650, 23,970. Tuesday's rise came on short-covering. A further correction is likely ahead of the long weekend.
Infosys
Current price: Rs 892
Target price: Rs 910
Keep a stop at Rs 885 and go long. Add to the position between Rs 900 and Rs 905.
Book profits at Rs 910.
NTPC
Current price: Rs 170
Target price: Rs 174
Keep a stop at Rs 168 and go
long. Add to the position between Rs 172 and Rs 173. Book profits at Rs 174.
Hind Unilever
Current price: Rs 1,188
Target price: Rs 1,170
Keep a stop at Rs 1,200 and go short. Add to the position between Rs 1,173 and Rs 1,176.
Book profits at Rs 1,170.
Target prices, projected movements in terms of next session,
unless otherwise stated Devangshu Datta