Business Standard

Today's picks: From UPL to Sun Pharma, hot stocks to watch today

Nifty, Bank Nifty, UPL, Sun Pharma and Bharti Airtel

Devangshu Datta 

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

Nifty

Current: 11,023 (fut: 11,015), Target: NA

Stop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.

Bank Nifty

Current: 27,025 (fut: 26,995)

Target: NA

Stop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.

UPL

Current price: Rs 582

Target price: Rs 572

Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.

Book profits at Rs 572.

Sun Pharma

Current price: Rs 565

Target price: Rs 575

Keep a stop at Rs 560 and go

long. Add to the position between Rs 572 and Rs 574.

Book profits at Rs 575.

Bharti Airtel

Current price: Rs 362; Target price: Rs 357

Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.


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

First Published: Fri, July 13 2018. 06:30 IST
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