Business Standard

Today's picks: From Tata Steel to Wipro, hot stocks to buy on Thursday

Nifty, Bank Nifty, Tata Steel, Hind Unilever, Wipro

Devangshu Datta 

markets
Representative Image

Nifty

Current: 10,735 (fut: 10,758)

Target: NA
Stop-long positions at 10,675. Stop-short positions at 10,830. Big moves could go till 10,875, 10,625. A long 10,600p (42), long 10,900c (33) can be offset with short 10,500p (27), short 11,000c (14). This costs 34, with breakevens at 10,934, 10,566.

Bank Nifty

Current 26955 (fut: 27025)
Target: NA
Stop-long positions at 26,875. Stop short positions at 27,175. Big moves could go till 27,350, 26,675. Strong resistance at 27,150-27,225.


Tata Steel


Current price: Rs 491
Target price: Rs 499
Keep a stop at 487 and go long. Add to the position between 496-498. Book profits at 499.


Hind Unilever


Current price: Rs 1,734
Target price: Rs 1,760
Keep a stop at 1,720 and go long. Add to the position between 1,750-1,755. Book profits at 1,760.




Current price: Rs 373
Target price: Rs 379
Keep a stop at 370 and go long. Add to the position between 377-378. Book profits at 379.



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

First Published: Thu, February 21 2019. 06:30 IST
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