Business Standard

Today's picks: From ITC to GAIL, hot stocks to watch on Tuesday

Nifty, Bank Nifty, ITC, GAIL

Devangshu Datta 

Photo: iStock
Photo: iStock

Nifty

Current: 10,763 (fut: 10,775), Target: NA

Stop-long positions at 10,690. Stop-short positions at 10,855. Big moves could go till 10,925, 10,625. The index is a key resistance zone close to the 200-DMA. A long 10,900c (45), long 10,600p (50) would gain if the index moves beyond breakevens at 10,995, 10,505.

Bank Nifty

Current: 26,300 (fut: 26,345)

Target: NA

Stop-long positions at 26,225.

Stop-short positions at 26,475. Big moves could go till 26,750, 25,950. Excess volatility likely and trend likely to depend on newsflow about RBI Board meeting.

ITC

Current price: Rs 285

Target price: Rs 290

Keep a stop at Rs 282 and go long. Add to the position between Rs 288 and Rs 289.

Book profits at Rs 290.

GAIL

Current price: Rs 335

Target price: Rs 330

Keep a stop at Rs 338 and go short. Add to the position between Rs 331 and Rs 332.

Book profits at 330.


Target prices, projected movements in terms of nextsession, unless otherwise stated

First Published: Tue, November 20 2018. 05:30 IST
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