Business Standard

Today's picks: From TechM to Adani Ports, hot stocks to buy on Thursday

For Bajaj Finserv, keep a stop at Rs 6,150 and go long

Devangshu Datta 

markets, sebi

Nifty

Current: 11,062 (fut: 11,098)

Target: NA

Stop-long positions at 10,990. Stop-short positions at 11,205. Big moves could go till 11,275, 10,900. Extra volatility likely. Trend will depend on MPC. A long 11,300c (58), long 10,900p (84) can be offset with short 11,400c (32), short 10,800p (63).

Bank Nifty

Current: 27,402 (fut: 27,466)

Target: NA

Stop-long positions at 27,275.

Stop-short positions at 27,625. Big moves could go till 28,000, 26,900. Extra volatility likely due to MPC. If there’s a rate cut, PSU banks may outperform.

Bajaj Finserv

Current price: Rs 6,209

Target price: Rs 6,310

Keep a stop at Rs 6,150 and go long. Add to the position between Rs 6,275 and Rs 6,300. Book profits at Rs 6,310.

Tech Mahindra

Current price: Rs 812

Target price: Rs 825

Keep a stop at Rs 805 and go long. Add to the position between Rs 820 and Rs 823.

Rs Book profits at 825.

Adani Ports

Current price: Rs 330

Target price: Rs 324

Keep a stop at Rs 333 and go short. Add to the position between Rs 325 and Rs 326.

Book profits at Rs 324


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

First Published: Thu, February 07 2019. 06:00 IST
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