Business Standard

Today's picks: From Grasim to Tata Motors, hot stocks to buy on Friday

Keep a stop at rs 180 and go long. Add to the position between rs 184 and Rs 185

Devangshu Datta 

Stock brokers look to set up shop overseas to tap rising interest from NRIs
Representative Image

Nifty

Current: 10,790 (fut: 10,807)

Target: NA

Stop-long positions at 10,725. Stop-short positions at 10,880. Big moves could go till 10,930, 10,675. Trend could turn negative due to big resistance at 10,900. A long 10,700p (41), short 10,600p (23) could gain 15-20 if the index slips below 10,725.

Bank Nifty

Current: 27,052 (fut: 27,115)

Target: NA

Stop-long positions at 26,975. Stop-short positions at 27,250. Big moves could go till 27,450, 26,775. Trend uncertain, could go negative with strong resistance at 27,175-27,200.

Powergrid

Current price: Rs 182

Target price: Rs 186

Keep a stop at Rs 180 and go long. Add to the position between Rs 184 and Rs 185.

Book profits at Rs 186.

Grasim

Current price: Rs 748

Target price: Rs 735

Keep a stop at Rs 755 and go short. Add to the position between Rs 737 and Rs 740.

Book profits at Rs 735.

Tata MotoRs

Current price: Rs 170

Target price: Rs 166

Keep a stop at Rs 172 and go short. Add to the position between Rs 167 and Rs 168.

Book profits at Rs 166.


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

First Published: Fri, February 22 2019. 06:30 IST
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