Today's Picks: 24 October, 2017
Nifty, Bank Nifty, Bharti Airtel, Cipla and Infosys
premium
Last Updated : Oct 24 2017 | 6:00 AM IST
Nifty
Current: 10,185 (fut: 10,196), Target: NA
Stop-long positions at 10,125.
Stop-short positions at 10,270. Big moves could go till 10,350, 10,050. Infosys results may have a big influence on the index. A long 10,100p (19), long 10,300c (11) has breakevens at 10,070, 10,330.
Bank Nifty
Current: 24,088 (fut: 24,166)
Target: NA
Stop-long positions at 24,050. Stop-short positions at 24,275. Big moves could go till 24,475. 23,850. The financial index is more bullish than the Nifty.
Bharti Airtel
Current price: Rs 497.5
Target price: Rs 507
Keep a stop at Rs 492 and go long. Add to the position between Rs 503 and Rs 505. Book profits at Rs 507.
Cipla
Current price: Rs 593
Target price: Rs 585
Keep a stop at Rs 599 and go short. Add to the position between Rs 586 and Rs 588. Book profits at Rs 585.
Infosys
Current price: Rs 939; Target: NA
Stop-long positions at Rs 920. Stop-shorts at Rs 960. Big moves could go till Rs 990, Rs 890. Infosys has weightage of almost 5 per cent in the Nifty and high influence on other IT stocks. (Trading call for next 2 sessions)
Target prices, projected movements in terms of next session, unless otherwise stated