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Today's picks: From Tata Motors to Hindalco, stocks to watch on Wednesday
Nifty, Bank Nifty, Indian Oil Corporation, Tata Motors and Hindalco
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Last Updated : Mar 28 2018 | 6:30 AM IST
Nifty
Current: 10,184 (fut: 10,176), Target: NA
Stop-short positions at 10,265. Stop-long positions at 10,100
Big moves could go till 10,300, 10,050.
A long 10,200c (20), long 10,100p (10) has breakevens at 10,070, 10,230 so consensus expectation is that the index to stay within the range 10,075-10,225
Bank Nifty
Current: 24,434 (fut: 24,407)
Target: NA
Stop-short positions at 24,550. Stop-long positions at 24,300
Big moves could go till 24,150, 24,725
However the settlement session is not expected to be volatile, with the bank held within the range of 24,275-24,525
Indian Oil Corporation
Current price: Rs 175
Target price: Rs 171
Keep a stop at Rs 177 and go short
Add to the position between Rs 172 and Rs 173
Book profits at Rs 171
Tata Motors
Current price: Rs 331
Target price: Rs 325
Keep a stop at Rs 335 and go short.
Add to the position between Rs 326 and Rs 327
Book profits at Rs 325
Hindalco
Current price: Rs 219
Target price: Rs 223
Keep a stop at Rs 217 and go long
Add to the position between Rs 221 and Rs 222
Book profits at Rs 223
Target prices, projected movements in terms of next session, unless otherwise stated