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Today's picks: From Sun Pharma to Power Grid, hot stocks to buy on Friday

For Bank Nifty, Stop-long positions at 29,650. Stop- short positions at 29,950

Devangshu Datta 

Today's picks: From Sun Pharma to Tata Motors, hot stocks to buy on Friday

Nifty

Current: 11,724 (fut: 11,764)

Target: NA

Stop-long positions at 11,675. Stop short-positions at 11,850. Big moves could go till 11,900, 11,625. A long May 16 11,600p (42), short 11,500p (23) could gain 10-15 if the index falls till 11625.

Bank Nifty

Current: 29,708 (futures: 29,810)

Target: NA

Stop-long positions at 29,650.

Stop- short positions at 29,950.

Big moves could go till 30,125, 29,500. Trend is slightly bearish.

Sun Pharma

Current price: Rs 453

Target price: Rs 446

Keep a stop at 457 and go short.

Add to the position between 447 and 449.

Book profits at 446.

Tata Motors

Current price: Rs 207

Target price: Rs 202

Keep a stop at 210 and go short. Add to the position between 203 and 204. Book profits at 202.

Power Grid

Current price: Rs 190  

Target price: Rs 194

Keep a stop at 188 and go long. Add to the position between

192 and 193. Book profits at 194.


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

First Published: Fri, May 03 2019. 06:00 IST
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