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Today's picks: From Infosys to CIL, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Infosys, Coal India

Devangshu Datta 

Markets, Investors, Indices, Stocks

Nifty

Current:

11,331 (fut: 11,337)

Target: NA

Stop long positions at 11,270. Stop short positions at 11,420. Big moves could go till 11,475, 11,200. A long 11,300p (25), short 11,200p (7) could gain 15-20 if the index breaks below 11,270.

Bank Nifty

Current:

29,128 (fut: 29,187)

Target: NA

Stop long positions at 29,170. Stop short positions at 29,300. Big moves could go till 29,500, 28,900. Trend continues to look negative but there may be short covering today.

Infosys

Current: Rs 790

Target: Rs 805

Keep a stop at 785 and go long. Add to the position between 798-803. Book profits at 805.

Coal India

Current: Rs 218

Target: Rs 214

Keep a stop at 220 and go short. Add to the position between 215-216. Book profits at 214.

Indiabulls Housing

Current: Rs 640

Target: Rs 630

Keep a stop at 646 and go short. Add to the position between 632-635. Book profits at 630.


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

First Published: Wed, July 24 2019. 06:30 IST
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