Today's picks: From Axis Bank to Nifty, hot stocks to watch on Wednesday
Nifty, Bank Nifty, Axis Bank and Tech Mahindra
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Last Updated : Aug 01 2018 | 6:30 AM IST
Nifty
Current: 11,356 (fut: 11,375) Target: NA
Stop-long positions at 11,290. Stop-short positions at 11,450. Big moves could go till 11,500, 11,250. A long 11,200p (83), short 11,200p (60) would double if the index drops below 11,250.
Bank Nifty
Current: 27,764 (futures: 27,810)
Target: NA
Stop-long positions at 27,650. Stop-short positions at 27,975. Big moves could go till 28,200, 27,400. Be prepared for excess volatility.
Axis Bank
Current price: Rs 550
Target price: Rs 540
Keep a stop at Rs 556 and go short. Add to the position between Rs 542 and Rs 544.
Book profits at Rs 540.
Tech Mahindra
Current price: Rs 681
Target price: Rs 692
Keep a stop at Rs 675 and go long. Add to the position between Rs 688 and Rs 690.
Book profits at Rs 692.