Business Standard

Today's picks: From Tech Mahindra to HPCL, hot stocks to watch on Wednesday

For Tech Mahindra, keep a stop at Rs 758 and go long. Add to the position between Rs 770 and Rs 772

Devangshu Datta 

Markets, Stocks, BSE, NSE

Nifty

Current: 11,520 (fut: 11,580),
Target: NA

Stop-long positions at 11,500. Stop-short positions at 11,655.

Big moves could go till 11,725, 11,425. A long 11,500p (109), short 11,400p (79) could gain 15-20 if the index breaks below 11,475.

Bank Nifty

Current: 27,430 (fut: 27,638)

Target: NA

Stop-long positions at 27,475. Stop-short positions at 27,800. Big moves could go till 27,300, 28,000. Downtrend may

continue.

Tech Mahindra

Current price: Rs 764

Target price: Rs 775

Keep a stop at Rs 758 and go

long. Add to the position between Rs 770 and Rs 772. Book profits at Rs 775.

HPCL

Current price: Rs 250

Target price: Rs 245

Keep a stop at Rs 252 and go

short. Add to the position between Rs 246 and Rs 247.

Book profits at Rs 245.

Adani Ports

Current price: Rs 374

Target price: Rs 368

Keep a stop at Rs 378 and go short. Add to the position between Rs 370 and Rs 371.

Book profits at Rs 368.


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

First Published: Wed, September 05 2018. 05:30 IST
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