Business Standard

Today's picks: From TCS to Tata Motors, hot stocks to watch on Friday

For TCS, keep a stop at Rs 2195 and go long

Devangshu Datta  |  New Delhi 

Tata Investment Corp board approves Rs 4.5-billion share buyback

Nifty

Stop long positions at 10,655 . Stop short positions at 10,820. Big moves could go till 10,575, 10,875. A long Aug 29 10,700p (85), short 10,600p (52) could gain 10-15 If the index tests 10,675.

Bank Nifty

Stop long positions at 26,875. Stop short positions at 27,175. Big moves could go till 27,400, 26,650. Trend remains negative but short covering likely at 26,800-26,850.

TCS

Keep a stop at Rs 2195 and go long. Add to the position between Rs 2230-Rs 2240. Book profits at Rs 2250.

Tata Motors

Keep a stop at Rs 109 and go short. Add to the position between Rs 104-Rs 105. Book profits at Rs 103.

Vedanta

Keep a stop at Rs 131 and go short. Add to the position between Rs 125 and Rs 126. Book profits at Rs 124.5.


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

First Published: Fri, August 23 2019. 06:30 IST
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