Today's picks: 31 October, 2017
Nifty, Bank Nifty, ITC, Ambuja Cements, HDFC Bank
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Last Updated : Oct 31 2017 | 6:00 AM IST
Nifty
Current: 10,363 (fut: 10,393), Target: NA
Stop-long positions at 10,325. Stop-short positions at 10,450. Big moves could go till 10,525, 10,275. A long 10,500c (76), short 10,600c (42) could gain 10-15 if the 10,450 mark is hit.
Bank Nifty
Current: 24,988 (fut: 25,075)
Target: NA
Stop-long positions at 24,975. Stop-short positions at 25,150. Big moves could go till 25,400, 24,750. Index remains strongly bullish.
ITC
Current price: Rs 265
Target price: Rs 258
Keep a stop at Rs 268 and go short. Add to the position between Rs 260 and Rs 261. Book profits at Rs 258.
Ambuja Cements
Current price: Rs 283
Target price: Rs 289
Keep a stop at Rs 280 and go long. Add to the position between Rs 287 and Rs 288. Book profits at Rs 289.
HDFC Bank
Current price: Rs 1,815
Target price: Rs 1,850
Keep a stop at Rs 1,795 and go long. Add to the position between Rs 1,835 and Rs 1,845. Book profits at Rs 1,850.
Target prices, projected movements in terms of next session, unless otherwise stated