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Today's picks: From Titan to Tata Steel, hot stocks to buy on Tuesday

For Titan, keep a stop at 1,135 and go long

Devangshu Datta 

markets

Nifty

Current 11,148 (fut: 11,185),


Target: NA

Stop-long positions at 11100.

Stop-short positions at 11,255. Big moves could go till 11,050, 11,325. A long May 30, 11100p (269) short 11000p (233) bearspread costs 36, and it could gain 15-20 if the index falls below 11,100.

Bank Nifty

Current: 28,660 (fut: 28,768),

Target: NA

Stop-long positions at 28,600. Stop-short positions at 28,925. Big moves could go till 29,075, 28,375. Trend remains bearish.

Titan

Current price: Rs 1,145

Target price: Rs 1,162

Keep a stop at 1,135 and go long. Add to the position between Rs 1,155-Rs 1,160. Book profits at Rs 1,162.

Indian Oil Corporation

Current price:
Rs 142.6

Target price: Rs 139. 5

Keep a stop at 144.5 and go short. Add to the position between Rs 140-Rs 141. Book profits at Rs 139.5.

Tata Steel
Current price: Rs 472

Target price: Rs 464

Keep a stop at Rs 477 and go short. Add to the position between Rs 466-Rs 468. Book profits at Rs 464.

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

First Published: Tue, May 14 2019. 06:00 IST
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