Business Standard

Today's picks: From HDFC, ITC to UPL, hot stocks to buy on Friday

For ITC, keep a stop at Rs 281 and go short. Add to the position between Rs 274 and Rs 275.

Devangshu Datta 

(Photo: Kamlesh Pednekar)

Nifty

Current: 10,831 (fut: 10,851)

Target: NA

Stop-long positions at 10,750.

Stop-short positions at 10930. Big moves could go till 11,000, 10,650. Extra volatility likely.

A long 11,100c (74), long 10,600p (108), short 11,200c (45), short 10,500p (85) combination has breakevens at 11,152, 10,548.

Nifty Bank

Current: 27,295 (fut: 27,320)

Target: NA

Stop-long positions at 27,175. Stop-short positions at 27,475. Big moves could go till 27,800,

27,750. Extra Volatility Likely. Newsflow from Budget will

dictate trends.

ITC

Current price: Rs 278

Target price: Rs 273

Keep a stop at Rs 281 and go short. Add to the position between Rs 274 and Rs 275.

Book profits at Rs 273.

HDFC

Current price: Rs 1,922

Target price: Rs 1,950

Keep a stop at Rs 1,905 and go long. Add to the position between Rs 1,940 and Rs 1945. Book profits at Rs 1,950.

UPL

Current price: Rs 787

Target price: Rs 800

Keep a stop at Rs 780 and go long. Add to the position between Rs 794 and Rs 797. Book profits at Rs 800.

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