Today's picks: From Cipla to BPCL, hot stocks to watch on Thursday
Keep a stop at Rs 563 and go short. Add to the position between Rs 550 and Rs 553. Book profits at Rs 547
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Last Updated : May 17 2018 | 6:30 AM IST
Nifty
Current: 10,742 (fut: 10,763) Target: NA
Stop-long positions at 10,690.
Stop-short positions at 10,850. Big moves could go till 10,900, 10,600. A long 10,600p (46), 10,900c (39) has breakevens at 10,985, 10,515 and it will gain if there's a big breakout.
Bank Nifty
Current: 26,182 (futures: 26,218)
Target: NA
Stop-long positions at 26,075.
Stop-short positions at 26,375. Big moves could go till 26,600, 25,800. Trend looks bearish.
Hindustan Unilever
Current price: Rs 1,574
Target price: Rs 1,600
Keep a stop at Rs 1,560 and go long. Add to the position between Rs 1,590 and Rs 1,595. Book profits at Rs 1,600.
Cipla
Current price: Rs 560
Target price: Rs 547
Keep a stop at Rs 563 and go short. Add to the position between Rs 550 and Rs 553. Book profits at Rs 547.
BPCL
Current price: Rs 397
Target price: Rs 390
Keep a stop at Rs 400 and go short. Add to the position between Rs 391 and Rs 393. Book profits at Rs 390.