Business Standard

Today's picks: From Bajaj Finance to CIL, hot stocks to buy on Wednesday

For Bajaj Finance keep a stop at Rs 3,025 and go long

Devangshu Datta  |  New Delhi 

Nifty

Current 11,713 (fut: 11,787),

Target: NA

Stop-long positions at 11,675. Stop- short positions at 11,850. Big moves could go till 11,900, 11,600. Trend will stay up until the RBI Monetary Policy. A short April 11,800c (78), long 11,900c (42) with a Long Apr 25 11,800c (157), short 11,900c (108), costs a net 13 and it will gain if the index crosses 11,800.

Bank Nifty

Current: 30,354 (fut: 30,617),

Target: NA

Note the large premium over spot. Stop-long positions at 30,450. Stop-short positions at 30,750. Big moves could go till 30,800, 30,200. The Nifty Bank index likely to trend up till

Monetary Policy.

Bajaj Finance

Current price: Rs 3,055

Target price: Rs 3,100

Keep a stop at Rs 3,025 and go long. Add to the position between Rs 3,085 and Rs 3,095. Book profits at Rs 3,100.

Sun Pharma

Current price: Rs 470

Target price: Rs 463

Keep a stop at Rs 474 and go short. Add to the position between Rs 464 and Rs 466. Book profits at Rs 463.

Coal India

Current price: Rs 236

Target price: Rs 232

Keep a stop at Rs 238 and go short. Add to the position between Rs 233 and Rs 234. Book profits at Rs 232.

First Published: Wed, April 03 2019. 06:15 IST
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