Business Standard

Today's picks: From Coal India to Infosys, hot stocks to buy on Friday

For Coal India, keep a stop at Rs 231 and go short

Devangshu Datta 

markets

Nifty

Current: 10,792 (fut 10,870)

Target: NA

Stop-long positions at 10,775. Stop-short positions at 10,950. Big moves could go till 11,025, 10,700. Newsflow will be critical. The market may see a relief rally if Indo-Pak tensions ease. A long Mar 07, 11,100c (23) and short 11,200c (6) bullspread may double in value if the index crosses 10950.

Bank Nifty

Current: 26,790 (fut: 26,985)

Target: NA

Stop-long positions at 26,825. Stop-short positions at 27,125. Big moves could go till 27,300, 26,650. Newsflow will be critical. Trend is unclear.

Coal India

Current price: Rs 228

Target price: Rs 224

Keep a stop at Rs 231 and go short. Add to the position between Rs 225 and Rs 226.

Book profits at Rs 224.

Grasim

Current price: Rs 777

Target price: Rs 765

Keep a stop at Rs 783 and go short. Add to the position between Rs 767 and Rs 770.

Book profits at Rs 765.

Infosys

Current price: Rs 734

Target price: Rs 745

Keep a stop at Rs 728 and go long. Add to the position between Rs 742 and Rs 744.

Book profits at Rs 745.


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

First Published: Fri, March 01 2019. 06:00 IST
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