Business Standard

Today's picks: From NTPC to L&T, hot stocks to watch on Friday

For NTPC, Keep a stop at Rs 156 and go short

Devangshu Datta 

markets, sebi

Nifty

Current: 10,617 (fut: 10,623)

Target: NA

Stop-long positions at 10,545. Stop-short positions at 10,700. Big moves could go till 10,750, 10,500. Strong resistance above 10,700. A long 10,500p (82), short 10,400p (57) could

gain 10-15 if the index drops below 10,550.

Bank Nifty

Current: 26,155 (futures: 26,178)

Target: NA

Stop-long positions at 26,025. Stop-short positions at 26,300. Big moves could go till 25,825, 26,525. Heavy resistance at

26,250-26,300 but trend may stay positive.

NTPC

Current price: Rs 154

Target price: Rs 150

Keep a stop at Rs 156 and go short. Add to

the position between Rs 151 and Rs 152. Book profits at Rs 150.

Larsen & Toubro

Current price: Rs 1,399

Target price: Rs 1,420

Keep a stop at Rs 1,388 and go long. Add to

the position between Rs 1,413 and Rs 1,418.

Book profits at Rs 1,420.

First Published: Fri, November 16 2018. 05:31 IST
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