Business Standard

Today's picks: From Adani Ports to ZEE, hot stocks to buy on Tuesday

For Adani Ports keep a stop at Rs 396

Devangshu Datta  |  New Delhi 

markets
Image: iSTOCK

Nifty

Current: 11,828 (fut: 11,879)

Target: NA

Stop-long positions at 11,725. Stop-short positions at 12,000. Big moves could go till 11,600, 12,175. Profit booking could pull the index back but it’s in an uptrend that depends on political newsflow. A long May 30, 11600p (140), long 12100c (137) has breakevens at 11423, 12377.

Nifty Bank

Current 30,760 (fut: 30,796)

Target: NA

Stop-long positions at 30,500. Stop-short positions at 31,000. Big moves could go till 30,250-31,300. Trend is bullish but expect some profit booking in the next two sessions.

Adani Ports

Current price: Rs 400

Target price: Rs 412

Keep a stop at Rs 396 and go long. Add to the position between Rs 408-Rs 410. Book profits at Rs 412.

Bajaj Finserv

Current price: Rs 8,235

Target price: Rs 8,150

Keep a stop at Rs 8,300 and go short. Add to the position between Rs 8,160-Rs 8,180. Book profits at Rs 8,150.

ZEE

Current price: Rs 362

Target price:

Keep a stop at Rs 365 and go short. Add to the position between Rs 357-Rs 358. Book profits at Rs 356.

First Published: Tue, May 21 2019. 06:30 IST
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