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

Nifty, Bank Nifty, Infosys, HDFC Bank and Coal India

Devangshu Datta 

Today's picks
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Nifty

Current 11,690 (fut: 11,729)

Target: NA

Stop-long positions at 11,640. Stop-short positions at 11,800. Big moves could go till 11,850, 11,600. A long Apr 25, 11,600p (42) long 11,800c (50) offset by short 11,500p (25), short 11,900c (21) costs 46 with breakevens at 11846, 11,554.

Bank Nifty

Current: 30,105 (fut: 30,185)

Target: NA

Stop-long positions at 30,025. Stop-short positions at 30,300. Big moves could go till 30,500, 29,800. Trend is mildly positive.

Infosys

Current price: Rs 727

Target price: Rs 715

Keep a stop at Rs 735 and go short. Add to the position between Rs 716 and Rs 719. Book profits at Rs 715.

HDFC Bank

Current price: Rs 2,289

Target price: Rs 2,320

Keep a stop at Rs 2,270 and go long. Add to the position between Rs 2,310 and Rs 2,315. Book profits at Rs 2,320.

Coal India

Current price: Rs 250

Target price: Rs 245

Keep a stop at Rs 253 and go short. Add to the position between Rs 246 and Rs 247. Book profits at Rs 245.


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

First Published: Tue, April 16 2019. 06:00 IST
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