Today's Picks: 26 October, 2017
Nifty, Bank Nifty, State Bank of India, Larsen & Toubro & Bajaj Finance
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Last Updated : Oct 26 2017 | 6:00 AM IST
Nifty
Current: 10,295 (fut: 10,290), Target: NA
Stop-short positions at 10,350. Stop-long positions at 10,225.
Big moves could go till 10,175, 10,400.
The on-the-money straddle of 10,300c (24), 10,300p (32) has breakevens at 10,355, 10,245
So the market expectation is for a tightly ranged settlement session.
Bank Nifty
Current: 25,035 (fut: 24,992)
Target: NA
Stop-short positions at 25,100.
Stop-long positions at 24,900.
Big moves could go till 24,800, 25,200.
There could be some profit booking in PSUs but short-covering
in high-weighted private banks might balance that.
State Bank of India
Current price: Rs 325
Target price: Rs 315
Keep a stop at Rs 329 and go short.
Add to the position between Rs 318 and Rs 320.
Book profits at Rs 315.
Larsen & Toubro
Current price: Rs 1,204
Target price: Rs 1,225
Keep a stop at Rs 1,190 and go long.
Add to the position between Rs 1,215 and Rs 1,220.
Book profits at Rs 1,225.
Bajaj Finance
Current price: Rs 1,726
Target price: Rs 1,700
Keep a stop at Rs 1,740 and go short.
Add to the position between Rs 1,705 and Rs 1,710.
Book profits at Rs 1,700.
Target prices, projected movements in terms of next session,
unless otherwise stated