Today's picks: From RIL to HDFC, hot stocks to watch on Thursday
Nifty, Bank Nifty, Reliance Industries, HDFC and Tata Steel
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Last Updated : Feb 01 2018 | 6:00 AM IST
Nifty
Current: 11,027 (fut: 11,058) Target: NA
Stop long positions at 10,925. Stop short positions at 11,200.
Big moves could go till 11,300,10800.
Extra volatility is very likely.
A very wide strangle of long 10,500p (31), 11,500c (26) may be worth taking to hold till expiry.
Bank Nifty
Current: 27380 (fut: 27468)
Target: NA
Stop long positions at 27,250.
Stop short positions at 27,675.
Big moves could go till 27,850, 27975.
Extra volatility is likely. As such, the financial index remains bullish.
Reliance Industries
Current price: Rs 961
Target price: Rs 980
Keep a stop at Rs 950 and go long.
Add to the position between Rs 970 and Rs 975.
Book profits at Rs 980.
HDFC
Current price: Rs 1,956
Target price: Rs 1,995
Keep a stop at Rs 1,935 and go long.
Add to the position between Rs 1,980 and Rs 1,990.
Book profits at Rs 1,995.
Tata Steel
Current price: Rs 705
Target price: Rs 690
Keep a stop at Rs 715 and go short.
Add to the position between Rs 692 and Rs 695.
Book profits at Rs 690.
Target prices, projected movements in terms of next session, unless otherwise stated