Business Standard

Today's picks: From CIL to Bharti Airtel, hot stocks to buy on Wednesday

For HeroMotor, keep a stop at Rs 2,770 and go long.

Devangshu Datta 

Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers

Nifty

Current: 10,987 (fut 11,031)

Target: NA

Stop-long positions at 10,950.

Stop-short positions at11105.

Big moves could go till 10,900, 11,150. A long mar14 11,100c (47) can be offset with a short mar07 11,100c (41).

If 11,100 is hit, the Mar 14 option’s gains will offset the losses in the

Mar 7.

Bank Nifty

Current: 27,554 (fut: 27,634)

Target: NA

Stop-long positions at 27,475.

Stop-short positions at 27,750. Big moves could go till 28,000, 27,275. Trend is bullish but newsflow could change the sentiment.

HeroMotor

Current price: Rs 2,795

Target price: Rs 2,840

Keep a stop at Rs 2,770 and go long. Add to the position between Rs 2,825 and Rs 2,835.

Book profits at Rs 2,840.

Coal India

Current price: Rs 241

Target price: Rs 246

Keep a stop at Rs 239 and go long. Add to the position between

Rs 244 and Rs 245.

Book profits at Rs 246.

Bharti Airtel

Current price: Rs 308

Target price: Rs 303

Keep a stop at Rs 311 and go long. Add to the position between Rs 304 and Rs 395.

Book profits at Rs 303.


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

First Published: Wed, March 06 2019. 06:00 IST
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