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Today's picks: From BPCL to JSW Steel, hot stocks to buy on Friday

For BPCL, Keep a stop at 371 and go short

Devangshu Datta 

Tata Investment Corp board approves Rs 4.5-billion share buyback

Nifty

Current: 11,302 (fut: 11,343)

Target: NA

Stop-long positions at 11,275.

Stop-short positions at 11,425.

Big moves could go till 11,500, 11,200. A long May 16 11,200p (52), short 11,100p (30) could gain 15-20 if the index drops till 10,225.

Bank Nifty

Current: 28,885 (futures: 28,990)

Target: NA

Stop-long positions at 28,850.

Stop-short positions at 29,150.

Big moves could go till 29,350, 28,650. Trend is still bearish.

BPCL

Current price: Rs 368

Target price: Rs 362

Keep a stop at 371 and go short.

Add to the position between 364 and 363.

Book profits at 362.

JSW Steel

Current price: Rs 285

Target price: Rs 280

Keep a stop at 288 and go short.

Add to the position between 282 and 283.

Book profits at 280.

Titan

Current price: Rs 1,104

Target price: Rs 1,122

Keep a stop at 1,095 and go long. Add to the position between 1,115 and 1,120.

Book profits at 1122.


Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Fri, May 10 2019. 06:00 IST
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