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Today's picks: From Vedanta to UltraTech, hot stocks to watch today

For Vedanta,Keep a stop at Rs235 and go short. Add to the position between Rs228 and Rs229

Devangshu Datta 

Nifty

Current: 10,799 (fut: 10,789), Target: NA

Stop-long positions at 10,715. Stop-short positions at 10,875. Big moves could go till 10,925, 10,650. A long 10,700p (49),

short 10,600p (29) will gain 10-15 if the index falls till 10,725.

Bank Nifty

Current: 26,409 (fut: 26,392)

Target: NA

Stop-long positions at 26,275. Stop-short positions at 26,525. Big moves could go till 26,725, 26,050. Trend may be on the verge of turning negative.

Vedanta

Current price: Rs232

Target price: Rs227

Keep a stop at Rs235 and go short. Add to the position between Rs228 and Rs229.

Book profits at Rs227.

UltraTech

Current price: Rs3,670

Target price: Rs3,620

Keep a stop at Rs3,705 and go short. Add to the position between Rs3625 and Rs3,635. Book profits at Rs3,620.

BPCL

Current : Rs423; Target : Rs431

Keep a stop at Rs418 and go long. Add to the position between Rs428 and Rs430. Book profits

at Rs431.


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

First Published: Tue, June 19 2018. 06:30 IST
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